Sale-and-lease-back Transaction with Mainzer Aufbaugesellschaft
Frankfurt, February 2020. A Mainz-based technology company sold its corporate headquarters in a sale-and-lease-back transaction to Mainzer Aufbaugesellschaft (MAG). The property comprises office and production areas as well as an underground car park.
In that context, seller and buyer concluded a long-term rental agreement for the entire building.
ACXIT Real Estate acted as the exclusive financial advisor to the seller.
About Mainzer Aufbaugesellschaft (MAG):
MAG was founded in 1966 as a public-private-partnership with municipal as well as private shareholders. The company develops and realizes urban projects in the city of Mainz and in the Rhine-Main metropolitan region. Asset classes comprise residential and commercial properties, hotels, parking garages, public buildings and special projects. In the financial year 2018, MAG made a profit of EUR 3.3 million, the balance sheet total amounted to EUR 94 million.
ACXIT Capital Partners through its subsidiary ACXIT Real Estate (ARE) is a leading independent corporate finance and investment advisory firm for real estate in Europe and beyond. ARE combines both Mergers & Acquisitions and Debt advisory expertise. Since 2016, ARE has completed approx. 40 transactions with a total deal/financing volume of approx. EUR 4bn covering more than 260 assets.
ACXIT Capital Partners is a leading independent corporate finance and investment advisory firm for mid-market clients and entrepreneurs in Europe and beyond. As an independent, privately owned firm, we maintain offices and representations in Frankfurt, Berlin, Munich, Zurich, Hong Kong and New York as well as strong alliances in the UK, France and India. Our clients are corporations, family-owned businesses, entrepreneurs, financial sponsors and family offices.
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Director, Strategic Communications
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TRANSACTION TEAM ACXIT Real Estate
Kay Hofmann, Managing Partner
Georg Jung, Director