Clifford Chance advised Union Investment Real Estate GmbH on the sale of the Laim 290 office building in Munich to an institutional investor. Union Investment is selling the property from its open-ended UniImmo: Deutschland fund.

The property, located on the busy Landsberger Strasse in Munich, is a seven-storey office and commercial building with 10,381 square metres of rental space.

The Clifford Chance team comprised partner Cornelia Thaler and senior associate Dennis Blechinger (both Real Estate, Frankfurt).

Clifford Chance has advised Union Investment on a number of major real estate transactions over the years, including the recent sale of the "ABC-Forum" in Hamburg, the purchase of a commercial building in Berlin and a property in the MainTor district in Frankfurt in 2014 as well as the acquisition of the "Kröpcke-Center" in Hanover and "Hotel Meliá" in Düsseldorf in 2013.