Clifford Chance has advised GLL Real Estate Partners GmbH on the acquisition of the Accent Office Center (AOC) in Frankfurt which GLL Real Estate Partners GmbH has purchased for GLL Pan European Property Fund.

The vendor was ActivumSG Capital Management Ltd., a real estate investment fund manager focusing on investments in Germany. The AOC, located at Hanauer Landstrasse, was completed in 2004 and comprises 22.500 m² of useable floor space. ActivumSG had acquired that office center in 2011.

GLL Real Estate Partners GmbH is a real estate fund management company which was formed in 2000 and manages real estate worth about EUR 4.9 billion in Europe, the USA and Latin America. The AOC is the first investment of the GLL Pan European Property Fund, a fund intended for institutional investors that will make investments in Europe in a total volume of up to EUR 1 billion.

The Clifford Chance team was led by partner Thomas Reischauer and comprised senior associates Amrei Fuder and Dr. Philipp Stoecker, associate Jörg Reinshagen (all Real Estate, Frankfurt) as well as partner Joëlle Hauser, senior associate Dr. Tobias Lochen and associate Alexander Wagner (all Investment Funds, Luxembourg).