Clifford Chance has advised a joint venture led by L'Etoile Properties on the acquisition of the multi-tenant property "QiDUS" in Düsseldorf’s office quarter "Seestern" as part of an off-market transaction. The seller is a joint venture of London investment firm Revcap and asset manager Kriton Immobilien of Munich.

The building on Emanuel-Leutze-Straße 8, which had been comprehensively modernized in 2015, has roughly 19,000 sqm lettable office space. Anchor tenants are the dentist’s association Zahnärztekammer Nordrhein, health education group Weber-Schule gGmbH, and health insurer AOK Rheinland/Hamburg.

The Clifford Chance team was led by partner Dr Gerold Jaeger (Real Estate, Düsseldorf) and comprised partner Dr Uwe Schimmelschmidt (Frankfurt), counsel Dr Dominik Thomer, counsel Cord Freiherr von Mandelsloh and associate Dr Philipp Weiten (all Düsseldorf, all Tax), counsel Martin Barlösius (Munich), senior associate Dr Sebastian Schmitt (Frankfurt) and senior associate Dorothea Friederike Schimmel (Munich, all Real Estate), partner Dr Florian Mahler and senior associate Dr Axel Schlieter (both Banking & Capital Markets) as well as partner Dr Christian Vogel and associate Maria Luisa Köhler (both Corporate) - all Düsseldorf.