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Deal Date: 13-01-2015 Practice Area: Real Estate
Deal Title: BNP Paribas REIM Germany Acquisition of the Art Deco Palais, Munich Industry: Real Estate Investment & Services
Description:
Clifford Chance advised BNP Paribas REIM Germany on its acquisition of the Art Deco Palais in Munich's Arnulfstrasse for one of its real estate special funds. The 41,000 m sq building was previously owned by an investor consortium. The purchase price of the multi-tenant building was in the low three-digit million Euro range. The Clifford Chance team was led by partner Dr. Gerold M. Jaeger (Real Estate, Frankfurt) and comprised counsel Bettina Krause (Real Estate, Munich), associate Dr. Sebastian Schmitt (Real Estate, Frankfurt).
Financial Center: Frankfurt Value: 100.01-500.00
Advised Party: Purchaser Law Firm
Real Estate Jurisdiction Germany Purchaser Jurisdiction Germany
Classification: Real Estate Acquisitions and Disposals Office
Lawyer Gerold M Jaeger