Hamburg based Quantum Group has acquired the MIK office complex in Düsseldorf on behalf of a consortium of Korean institutional investors led by Capstone Asset Management. Capstone and Quantum were advised on the transaction by Clifford Chance.
The complex extending over some 53,000 square metres was acquired by means of a share deal. Clifford Chance also advised on the structuring and financing of the transaction.
Located in Düsseldorf city centre at Friedrichstr. 62-80, the MIK complex comprises six buildings built between 1954 and 1997. Extensive renovation work was carried out on the property in 2014. The entire complex is occupied by the Ministry of the Interior of North-Rhine Westphalia.
Capstone Asset Management was established in 2009 and is one of Korea's fastest growing asset managers. It currently manages assets worth around EUR 1.8 billion. The MIK deal is Capstone's fourth individual transaction in Europe. Clifford Chance already advised the Korean manager on the acquisition of Zalando's headquarters in Berlin in April 2017.
The Clifford Chance team comprised partner Dr. Gerold Jaeger, associate Philip Heinzel (both Düsseldorf), senior associates Dr. Sebastian Schmitt and Amrei Fuder, senior transaction lawyer Anja Roth and transaction lawyer Marisol Peláez Romero (all Frankfurt) - all Real Estate, partner Olaf Mertgen, counsel Dr. Marie-Theres Rämer and associate Katharina Marx (all Frankfurt), counsel Dr. Dominik Thomer, associate Dr. Philipp Weiten (both Düsseldorf) – all Tax, partner Dr. Christian Vogel, associates Maria Luisa Köhler and Frederike Schlicht (all Düsseldorf) as well as senior associate Corinna Baltzer (Frankfurt) – all Corporate, partner Tobias Schulten, counsel Dr. Alexandra Uhl, senior associates Anna Brinkmeier and Necla Ilhan, associate Julija Haas (all Banking and Finance, Frankfurt) as well as partner Marc Besen (Brussels/Düsseldorf) and associate Ulrich A. Pfeffer (Düsseldorf, both Antitrust).
Advisors from Clifford Chance's Luxembourg office included partner Katia Gauzés, senior associate Frédérique Davister (both Corporate), partner François-Xavier Dujardin, counsel Maxime Budzin, associates Josselin Badoc and Edouard Fort (all Tax) as well as partner Marc Mehlen and associates Adnes Muhovic and Sadan Ramovic (all Banking and Finance).
