Clifford Chance advised West Register PRIME Frankfurt ML GmbH, a subsidiary of The Royal Bank of Scotland plc. (RBS), on the sale of the VAU office complex in Frankfurt to ML Grundbesitz GmbH.

The buyer is majority-owned by Park Lane Capital Managers GmbH, whose managing partner is the Frankfurt-based investor, Manfred Hillenbrand.

The property, which is located in Frankfurt's business district and was built for HypoVereinsbank in the early 90s, includes a 13-storey office tower and a 7-storey podium building with floor space totalling 23,000 m², along with a two-level underground car park accommodating around 150 parking spaces.

The Clifford Chance team comprised partner Dr. Christian Keilich, senior associate Markus Böhn (both Real Estate), partner Dr. Felix Mühlhäuser and counsel Dr. Marie-Theres Rämer (both Tax) – all Frankfurt.