Clifford Chance has advised "Immobilienfonds Köln-Deutz Arena und Mantelbebauung GbR" on the sale of the Lanxess arena including the flanking constructions, a multi-purpose hall and parking spaces to Junson Capital, and Mirae Asset Global Investments Co., LTD. The flanking constructions/offices and the parking spaces were acquired by a Mirae Asset Global Investments Co., LTD real estate fund. Mirae and Junson Capital were advised by Arminius Property Management Limited and Arminius Kapitalgesellschaft mbH.

The Lanxess arena is Germany's largest multi-purpose arena with approximately 18,000 seats, restaurants, bars, bistros and retail shops. The complex also comprises flanking constructions  with approximately 100,000 square metres of office space, let on a long-term basis to the city of Cologne and used as a town hall, as well as a multi-purpose hall and around 2,900 parking spaces.

Mirae Asset Global Investments Co., LTD is the largest investment manager in Korea with all in all 80 billion US dollars assets under management. Junson Capital is a Hong Kong-based family office.

During the sales process the selling real estate company was supported by "Oppenheim Verwaltung von Immobilienvermögen GmbH", represented by managing director Josef Esch.

The Clifford Chance team was led by partner Christian Trenkel and comprised senior associates Martin Barlösius and Dorothea Schimmel (all Real Estate, Munich), partner Thorsten Sauerhering and senior associate Dr. Dominik Engl (both Tax, Frankfurt), partner Dr. Jörg Rhiel and senior associate Annette Röhder (both Corporate, Frankfurt) as well as partner Tim Schreiber and Senior Associate Dr. Alexander Weiss (both IP, Munich).