WALCH RITTBERG NAGEL provided comprehensive legal advice to FOX Industrial Real Estate, a subsidiary of FOX Real Estate, on the acquisition of an industrial property spanning approximately 5.6 hectares in Rastatt (Baden-Württemberg). The seller of the property is RUF Betten GmbH, a leading manufacturer of premium upholstered and box-spring beds.
The transaction was structured as a sale-and-lease-back arrangement. Under the lease-back agreement, RUF will continue its operations in the existing properties, built in 1974 and 1980, without any changes. The chosen structure provides planning certainty for both parties while also opening up opportunities for the strategic development of the site.
FOX Industrial Real Estate plans to further develop the site in accordance with modern ESG standards. In particular, the plan is to construct a new building with at least 27,500 m² of leasable space for companies in the industrial, retail, and logistics sectors. The future use of the property will be guided by the long-term requirements of the site as well as the needs of potential tenants.
Sources:
DEAL - Magazine | Real Estate | Investment | Finance
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