Clifford Chance advised Investa Immobiliengruppe on the sale of the initial phase of construction of "Schwabinger Carré" in Munich. The section of the building was acquired from Catella Real Estate.

The "Schwabinger Carré" project is divided into two construction phases: During the first construction phase which is scheduled to be completed by the beginning of 2014, the sold complex comprising some 14,000 sqm of retail and office space will be entirely rebuilt and refurbished. The principal tenants will be the Munich Labour and Higher Regional Court. In the second construction phase, approximately 17,000 sqm will be built for apartments and retail space.

The Clifford Chance team comprised partner Cornelia Thaler and counsel Dr. Kristina Jaeger (both Real Estate, Frankfurt).

Cornelia Thaler's team has already advised Investa on numerous transactions, including its acquisition of the "Uferstadt Fürth" Businesspark in Nuremberg, the sale of its Healthcare Centre in Giesing, and on the sale of the "iCU" office space in Munich.

http://www.cliffordchance.com/news/news/2013/07/clifford_chance_advised…