Clifford Chance has advised PATRIZIA Immobilien AG on its acquisition of the "Cloud 9" portfolio from Allianz Lebensversicherungs-AG and Allianz Versicherungs-AG. In addition to the Sprinkenhof building in Hamburg, the portfolio comprises another eight high-end office and commercial properties located in Düsseldorf, Frankfurt, Hamburg, Hanover, Munich and Stuttgart.

PATRIZIA is one of Europe's leading real-estate investment services providers and acts for a number of major institutional and private investors across Europe, both nationally and internationally. The company currently manages real estate assets worth around EUR 17 billion, mostly acting as co-investor and portfolio manager on behalf of insurance companies, pension funds, sovereign wealth funds, savings banks and cooperative banks.

The Clifford Chance team was led by partner Dr. Fabian Böhm, was coordinated by senior associate Dr. Philipp Stoecker and comprised senior associate Dr. Sebastian Schmitt, associates Manuel Lomb and Anne Voigt, as well as transaction lawyers Anja Roth, Marisol Peláez Romero and Magda Pawela-Häusler (all Real Estate, Frankfurt), partner Dr. Thomas Krecek, senior associate Stefan Bruder and associate Dr. Margret Bootz-Hagen (all Corporate, Frankfurt), partner Dr. Jan Grabbe (Frankfurt) and counsel Dr. Dominik Thomer (Düsseldorf, both Tax), as well as partner Marc Besen (Brussels, Dusseldof) and senior associate Dr. Dimitri Slobodenjuk (Dusseldorf, both Antitrust).