Clifford Chance advised Deutsche Alternative Asset Management UK Limited, a subsidiary of Deutsche Asset Management, on the acquisition of "Neukölln Arcaden" in Berlin from Tristan Capital Partners by way of a share deal. The parties have agreed not to disclose the purchase price.

"Neukölln Arcaden" are located at Karl-Marx-Straße in Berlin-Neukölln and were opened in 2000. The centre covers 37,900 square metres, with 27,000 square metres of retail space. Tristan Capital Partners had acquired the shopping centre for its Core-plus fund Curzon Capital Partners (CCP) III in 2015.

With approximately EUR 706 billion of assets under management (as of 31 December 2016), Deutsche Asset Management is one of the world’s leading investment management organizations.

The Clifford Chance team was led by partner Dr. Fabian Böhm and included senior associate Dr. Philipp Stoecker, associates Manuel Lomb and Anne Voigt, transaction lawyer Magda Pawela-Häusler (all Real Estate, Frankfurt), partner Dr. Jörg Rhiel, counsel Stefan Bruder, senior associate Carmen Büker and associates Maria-Franziska Röntsch and Schirin Drewell (all Corporate, Frankfurt), senior associate Sascha Nolte (Corporate, Luxembourg), partner Thorsten Sauerhering, associate Markus Kallenbach and transaction lawyer Laura Lamster (all Tax, Frankfurt) as well as partner Dr. Christof Häfner and senior associate Anna Brinkmeier (Banking & Capital Markets, Frankfurt).