8 January 2006 – LAWFUEL – The Law News Network – The international law firm Clifford Chance has advised the real property company Tishman Speyer in connection with the purchase of a real property portfolio consisting of three buildings. Tishman Speyer has acquired the properties through their european core fund, ESOF.
The properties are located in Hamburg at Valentinskamp 18-22, Neue ABC-Strasse and St. Anscharplatz 7-10. Combined, the buildings offer 16,200 sq m of offices, 600 sq m of retail and 1,500 sq m of residentail space, and includes an underground car park with 236 parking spaces. The major lessee is the insurance broker, Funk Gruppe GmbH.
The seller of the real property portfolio is Deutsche Immobilienfonds AG, Hamburg. Both parties have agreed on keeping the purchase price secret.
The team of Clifford Chance advisers was headed by partner Dr. Hans-Josef Schneider
(attorney responsible for the assignment, Real Estate) and coordinated by Dr. Christian Keilich (Associate, Real Estate). It also included partner Dr. Thomas Gasteyer (Corporate Finance) as well as counsel Christine Tretzmüller-Szauer (Corporate Finance) and associate Stefanie Ann Krieger (Real Estate) – all based in Frankfurt.