Clifford Chance advises ehret+klein Capital Markets on its acquisition of the "daseinstein" centre in Munich

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30 September 2022

, , , Christian Vogel, , Olaf Mertgen, Steffen Waadt
Düsseldorf, Frankfurt

Clifford Chance advises ehret+klein Capital Markets on its acquisition of the "daseinstein" centre in Munich

Clifford Chance has advised investment manager ehret+klein Capital Markets on the acquisition of the "daseinstein" shopping complex in central Munich. The deal took place as part of a separate account mandate on behalf of a Munich-based family office. KIRKBI Invest A/S and CELLS Property Investors acted as the sellers. The parties have agreed not to disclose any details of the purchase price.

The centrally located property offers a total leasable area of around 30,000 m², including 16,000 m² of retail space, making it one of the largest shopping centres in central Munich. Its stable and diversified tenant base includes a number of well-known retailers and supermarkets, drugstores, a gym, and a variety of medical practices and company offices. The deal also involves ehret+klein Capital Markets assuming the role of property manager for the entire complex. The aim is to modernise the property and to leverage other value growth potential.

The Clifford Chance team comprised partner Gerold Jaeger, senior associate Stephanie Cohen, associate David Rahmel, legal support assistant Sabrina Becker and senior transaction lawyer Anja Roth (all Real Estate, Dusseldorf and Frankfurt), partner Christian Vogel and associate Matthias Christian Forster (both Corporate, Dusseldorf) and partner Olaf Mertgen and senior associate Steffen Waadt (both Tax, Frankfurt).