Ashurst advised IVG Institutional Funds GmbH on the sale of a portfolio consisting of two separate funds to an investment fund of Ares Management, L.P. group. The portfolio consists of eight properties located in Germany, UK, the Netherlands, France, Poland and Sweden and provides for approx. 53,000 sqm lettable space. According to media reports the deal, valued at over €100 million, is one of the first transactions since the financial crisis of a pan-European office portfolio.

The Ashurst team was led by partner Dr Liane Muschter and senior associate Dr Hendrik Theismann (both Real Estate, Frankfurt) who managed a European lawyers' team from the offices in Frankfurt, London, Paris and Stockholm as well as partner firms in Poland and the Netherlands. Associate Matthias Rüdt von Collenberg (Frankfurt), partner Henry Moss and associates Euan MacDonald and Henry Sheldon (all London), avocat à la Cour Guillaume Aubatier (Paris), senior associate Charles Andersson and associate Elisabeth Heide (both Stockholm, all Real Estate) supported.

IVG Institutional Funds GmbH is a leading provider and manager of structured real estate products for institutional investors in Germany with approx. €10,5 billion assets under wider management. IVG being an integrated investment platform with an Europe-wide network of local offices and a long-term market expertise is offering full service in terms of investment structuring and management of real estate products to its investors. IVG Institutional Funds focuses mainly on commercial properties in the office, retail and logistics sector in Europe.