Clifford Chance advised Morgan Stanley Real Estate Investment GmbH, Frankfurt am Main, on the sale of the office complex "Fleetrand" located in Hamburg.

The real property was sold by open-ended real estate investment fund "Morgan Stanley P2 Value" (under liquidation) to HIH Hamburgische Immobilien Handlung who acquired the real property for a special fund of Warburg-Henderson.

The property is located close to the Hamburg docks and consists of three buildings covering approx. 14,000 sqm floor space. The seven-storey central building ("Plathhaus") was built in 1915 and expanded by another seven-storey building "Nordhaus" and the ten-storey end building. The major part of the real property is let to the federal agency Bundesanstalt für Immobilienaufgaben for use by the Bundesfinanzdirektion Nord.

The Clifford Chance team included partner Dr. Christian Keilich, senior associate Henning Aufderhaar (both Real Estate), partner Thorsten Sauerhering and associate Dr. Dominik Engl (both Tax) – all Frankfurt.

http://www.cliffordchance.com/news/news/2013/03/clifford_chance_advised…