Clifford Chance advised Swiss Züblin Immobilien Holding AG on the sale of its German real estate portfolio consisting of twelve office buildings to CLS Luxembourg S.à r.l. The purchase price amounts to approx. EUR 152,2 million.

The office buildings are located in Hamburg, Stuttgart, Munich's suburb Germering, Düsseldorf, Dortmund, Wiesbaden, Marl and Witten. The properties generate annual rent totalling approx. EUR 10 million.

The Clifford Chance team was led by partner Dr. Gerold Jaeger and included associates Alexander Shemyakin and Jonathan Klein (all Real Estate, Düsseldorf), partner Dr. Uwe Schimmelschmidt (Frankfurt), counsels Cord Freiherr von Mandelsloh and Dr. Dominik Thomer (both Düsseldorf, all Tax), partner  Dr. Christoph Holstein, counsel Dr. Werner Brickwedde and associate Torben Lührmann (all Corporate, Düsseldorf) as well as partner Dr. Florian Mahler and senior associate Bahar Rahimyar (both Banking & Capital Markets, Düsseldorf).