Clifford Chance
Clifford Chance advises Cording Real Estate on EUR 225 million acquisition of Carrée Seestraße in Berlin
27 June 2019
- , , , , , Christof Häfner, , , , Olaf Mertgen, Jan H. Grabbe, , Steffen Waadt, Marc Besen, Dimitri Slobodenjuk, Anne Filzmoser, Caroline Scholke, , Jörg Rhiel, Thomas Gasteyer, , Katia Gauzès, Frédérique Davister, , Emmanuel-Frédéric Henrion, , Stefanie Ferring, Geoffrey Scardoni, Maxime Budzin, Simon Paran
- Düsseldorf, Frankfurt, Luxembourg
Clifford Chance advises Cording Real Estate on EUR 225 million acquisition of Carrée Seestraße in Berlin
International law firm Clifford Chance has advised Cording Real Estate Group GmbH on the acquisition of the former Carrée Seestraße, formerly known as "Osram-Höfe" in Berlin. Cording acquired the listed commercial property for 225 million euros from the seller Deutsche Real Estate AG.
The Carrée Seestraße covers around 64,700 square metres. The largest tenant with 8,500 square meters is Berlin's Charité. The historically significant ensemble of buildings is located at Groninger Strasse 25-27, Liebenwalder Strasse 21 and Oudenarder Strasse 16 in Berlin's Wedding district. It was built in 1880 and was formerly used as a factory building for the production of incandescent lamps by Osram.
Clifford Chance advised Cording on the signing of the purchase agreement as well as on the structuring and financing of the transaction. Previously, Clifford Chance had advised Cording on another project.
The cross-practice and cross-border Clifford Chance team comprised partner Gerold Jaeger, associates Philip Heinzel, Arne Gerber, Elif Üzümovali and Philipp Heinrichs (all Real Estate, Düsseldorf), partner Christof Häfner, senior associate Necla Ilhan as well as associates Gregor Zymek and Sarah Katharina Winter (all Banking & Finance, Frankfurt), partner Olaf Mertgen and Jan Grabbe, associates Nadine Schader and Steffen Waadt (all Tax, Frankfurt) as well as partner Marc Besen, counsel Dimitri Slobodenjuk, senior associates Anne Filzmoser and Caroline Scholke, Counsel Albrecht von Greavenitz (all Corporate Antitrust, Düsseldorf and Frankfurt) as well as partner Jörg Rhiel, of counsel Thomas Gasteyer and senior associate Alexander Shemyakin (all Corporate, Frankfurt). A team from the Luxembourg office comprised partner Katia Gauzès, senior associate Frédérique Davister and associate Gilles Bropsom (all Corporate), partner Emmanuel-Frédéric Henrion and senior advisor Matthias Kerbusch (both Corporate Investment Funds), partner Steve Jacoby and counsel Stefanie Ferring (both Banking & Finance), partner Geoffrey Scardoni, counsel Maxime Budzin and associate Simon Paran (all Tax).
