Clifford Chance
Clifford Chance advises Amundi Real Estate on the acquisition of office building complex "88north"
24 June 2015
Clifford Chance advises Amundi Real Estate on the acquisition of office building complex "88north"
Clifford Chance advised French institutional investor Amundi Real Estate on the acquisition of the office building complex "88north" in Munich. The acquisition by way of a share deal was carried out through the open-ended OPCI Fonds who already holds investments in Germany.
Amundi Real Estate was represented by L'Etoile Properties, an investment and asset managing company. "88 north" was sold by the joing venture between Hammer AG and Competo Capital Partners GmbH. The parties have agreed not to disclose the purchase price.
The property "88 north", which was completed in summer 2014, comprises approx, 49,500 sqm office spaces and is located in Munich's northern part, in close vicinity to Olympia park. The building has received an LEED Gold certification and is let to 85 percent, tenants including consulting companies as well as companies primarily from the IT, technology and media sectors. An exclusive fitness centre and a restaurant are also located in the building.
The Clifford Chance included partner Dr. Gerold Jaeger and associates Dr. Sebastian Schmidt, Manuel Lomb and Bernd Bäumer (all Real Estate, Frankfurt), partner Dr. Uwe Schimmelschmidt (Tax, Frankfurt) and counsel Dr. Dominik Thomer (Tax, Düsseldorf) as well as partner Dr. Jörg Rhiel (Corporate, Frankfurt) and associate Dr. Jochen Buckel (Corporate, Düsseldorf). Partner Christian Kremer and associate Franziska Stahlberg (both Corporate) from the Luxembourg office also advised on the transaction.
Clifford Chance berät Amundi Real Estate beim Kauf des Bürokomplexes "88north"
Die internationale Anwaltssozietät Clifford Chance hat den französischen institutionellen Investor Amundi Real Estate beim Erwerb des Münchener Bürokomplexes "88north" beraten.
Der Erwerb im Wege eines "share deals" erfolgte durch den in Deutschland bereits investierten offenen OPCI Fonds. Vertreten wurde Amundi Real Estate durch den Investment und Asset Manager L'Etoile Properties. Verkäufer sind die Münchener Joint Venture-Partner Hammer AG und Competo Capital Partners GmbH. Über den Kaufpreis haben die Parteien Stillschweigen vereinbart.
Das im Sommer 2014 fertiggestellte Objekt "88north" umfasst rund 49.500 Quadratmeter Bürofläche und befindet sich in Münchens Norden in unmittelbarer Nähe des Olympiaparks. Mieter des zu 85 Prozent belegten Gebäudes, das eine LEED Gold Zertifikation erhalten hat, sind Beratungsunternehmen sowie Unternehmen vornehmlich aus den Bereichen IT, Technologie und Medien. Außerdem verfügt das Gebäude über ein exklusives Fitness-Center und ein Restaurant.
Das Beratungsteam von Clifford Chance bestand aus Partner Dr. Gerold Jaeger sowie den Associates Dr. Sebastian Schmitt, Manuel Lomb und Bernd Bäumer (alle Real Estate, Frankfurt), Partner Dr. Uwe Schimmelschmidt (Tax, Frankfurt) und Counsel Dr. Dominik Thomer (Tax, Düsseldorf) sowie Partner Dr. Jörg Rhiel (Corporate, Frankfurt) und Associate Dr. Jochen Buckel (Corporate, Düsseldorf). Im Büro Luxemburg waren Partner Christian Kremer und Associate Franziska Stahlberg (beide Corporate) tätig.
