Allen & Overy advises Swiss Life on the acquisition of CORPUS SIREO
Swiss Life Group takes over Germany's leading independent provider of real estate-related services, CORPUS SIREO, with retroactive effect as of 1 January 2014, thus further developing its position in the field of real estate asset management. The sellers are three German savings bank institutions, namely Sparkasse KölnBonn (50%), Stadtsparkasse Düsseldorf (25%) and Frankfurter Sparkasse (25%). The transaction is to be completed in the second half of 2014; however, it is still subject to clearance by the cartel authorities.