ICL Group’s Sale of Land in Ludwigshafen’s Industriepark Süd to TRIWO AG

BK Giulini GmbH and ICL Fertilizers Deutschland GmbH, both part of Tel Aviv-based Israel Chemicals Limited (ICL), have sold all of their properties located in Ludwigshafen's Industriepark Süd to TRIWO AG.

Based in Ladenburg/Baden-Württemberg, BK Giulini specialises in producing and selling additives such as food additives and more. Part of the ICL Phosphate Solutions division, ICL Ludwigshafen Fertilizers produces fertilizers for the ICL Phosphate Commodities division. Both companies owned properties at Ludwigshafen site with a total land area of ​​over 100,000 square meters.

Founded in Trier in 1972, TRIWO AG is a real estate company which works on asset management, property development, construction and project management, commercial property management and technical property management.

“We are pleased that we were able to bring this complex real estate transaction to a successful conclusion for our clients and that we have found such a competent partner for the Ludwigshafen site in TRIWO”, commented Kirsten Girnth.

BK Giulini GmbH and ICL Fertilizers Germany GmbH were advised by Ritterhaus Lawyers, with Dr Kirsten Girnth, (lead, M&A, Corporate), Dr Eva Schwittek, (Real Estate Law), Dr Ing. Jörg Döhrer (Labor Law), Sebastian Koch, LL.M. (M&A, Corporate) (all Frankfurt) and Dr Christoph Rung, (Public Law, Mannheim).

TRIWO was advised by König Rechtsanwälte, with Gerrit Strotmann leading the transaction.

Peter Kühn from Doerr Kühn Plück + Partner (Wiesbaden) acted as a notary.

 

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