Clifford Chance has advised Warburg-HIH Invest Real Estate on the sale of an office property with a total lettable area of around 6,750 m². The property is located in Bad Homburg near Frankfurt. The purchaser is Union Investment. The parties have agreed not to disclose any details of the purchase price.

The single-tenant building was completed in 2014 and initially acquired on behalf of a pan-European special AIF. The lease with IT provider Dimension Data runs until 2024.

The Clifford Chance team comprised partner Thomas Reischauer, counsel Philipp Stoecker and associate Stephanie Cohen (all Real Estate, Frankfurt), as well as partner Thorsten Sauerhering, counsel Dominik Engl and transaction lawyer Laura Lamster (all Tax, Frankfurt).