Allen & Overy LLP has advised PATRIZIA Immobilien Anlagen AG on the acquisition of a portfolio of 36 office properties with a leased area of ​​approximately 450,000 sqm from a subsidiary of CA.

The portfolio is to be acquired for a German-language consortium of investors through a real estate special funds.

The properties with a market value of around 800 million euros are all in Hesse and are leased to the State of Hesse. The transaction is expected to be completed later this year.

Allen & Overy advised PATRIZIA comprehensive, one-stop in the transaction, ie with due diligence, legal and tax structure of the transaction and the (re) financing.

The Allen & Overy team consisted of partners Dr. Michael Bernhardt (leading, private equity), Dr. Olaf Meisen (Banking and Finance), Dr. Asmus Mihm (Tax Law), Frank Herring (capital markets, all Frankfurt), Dr . Ellen Brown (antitrust, Hamburg), the counsel Dr Detmar Loff (Capital Markets) and Stefan Kuhm (banking and finance, both Frankfurt), senior associates Nikolai Sokolov, Dr. Markus Käpplinger (both private equity, both Frankfurt), Dr. Per Lessmann (Real Estate, Hamburg) and associates Dr. Christoph Naumann (Corporate) and Dr. Daisy Walzel (antitrust, Hamburg).

In house counsel, Frank Kewitz, at PATRIZIA Alternative Investments GmbH took overall responsibility for the transaction.