Clifford Chance advised international Investor Global Asset Capital on the sale of their office building "Stettiner Carree" in Berlin-Mitte to Allianz Real Estate Germany. The investment totals EUR 210 million.

Stettiner Carree was built on the site of the former railroad station of the suburb Stettin in 2004 and Deutsche Bahn AG is a long-term tenant. The seven-storey building covers approx. 61,500 sqm of office space and an underground car park.

Global Asset Capital have offices in Berlin, Dublin, London, Luxembourg and Palo Alto and manage assets worth more than USD 1.5 billion. Their real estate portfolio includes office buildings, commercial property and project developments in the US and Europe.

The Clifford Chance team was led by partner Dr. Gerold M. Jaeger and included senior associate Dr. Philipp Stoecker, senior transaction lawyer Anja Roth (all Real Estate), partner Dr. Uwe Schimmelschmidt and counsel Dr. Marie-Theres Rämer (both Tax), partner Dr. Thomas Krecek and senior associate Stefan Bruder (both Corporate) – all Frankfurt – as well as associate Franziska Stahlberg (Corporate, Luxembourg).