Clifford Chance advised Real I.S. AG on the acquisition of Munich office building "Leitwerk" for two of its institutional funds from InfraRed Capital Partners.

The building called "Leitwerk" is located on Haidenauplatz near railway station Ostbahnhof and covers about 40,000 sqm of lettable space. The property is fully let – 85 per cent are let to public sector tenants, including the Bavarian Ministry of Healthcare and the Federal Agency for Real Property Affairs together with the German Patent and Trademark Office.

Real I.S. Group is an affiliate of German Sparkassen-Finanzgruppe and BayernLB's asset management and investment fund service provider for real estate. In addition to special funds and real estate funds, structured as mutual funds, Real I.S. Group offers individualised fund solutions, portfolio management and management of institutional international real estate portfolios.

The Clifford Chance team was led by partner Christian Trenkel and included Counsel Bettina Krause, senior associates Martin Barlösius and Dorothea Schimmel, associate Agnieszka Pikul (all Real Estate, Munich) as well as partner Dr. Uwe Schimmelschmidt (Tax, Frankfurt) and counsel Dr. Dominik Thomer (Tax, Düsseldorf).

Clifford Chance previously advised Real I.S. on the acquisition of the office and retail building RegerHof, Munich, on the acquisition of apartments in Stuttgart's "Milaneo" project and on the establishment of its own capital investment company and the launch of a special investment fund.