Ashurst has advised Oxford Properties on its shareholder arrangements with Madison International Realty in relation to the acquisition of the Sony Centre in Berlin for c. €1.1bn from South Korea's National Pension Service.

The six-acre site includes the Bahn Tower and comprises office, retail and leisure space, as well as 67 residential units.  The deal marks Oxford Properties' first mixed-use acquisition in Germany and is part of the fund's aim to reach $5bn of assets under management in continental Europe by 2020.

Ashurst has previously advised Oxford Properties on its real estate requirements including recently on the refinancing and 50% joint venture sale of King Edward Court and St Martins Court in Paternoster Square, London to Madison International Realty.

The team was led by Partner and Head of Real Estate Capital Markets, David Jones together with Real Estate Partner Sarah Sivyour and Corporate Partner Jan Krekeler, working closely with Gawain Smart, Vice President and Head of Legal, Europe at Oxford Properties.