German insurance giant Allianz, represented by Allianz Real Estate, has acquired the office property ATLAS in the trendy new Werksviertel in Munich for companies in the Allianz Group. Vendor is the real estate investor Art-Invest Real Estate. International law firm Clifford Chance has provided legal advice to Allianz Real Estate on this complex and innovative transaction.

ATLAS is an office and catering building with a leasable area of 26,000 square metres on a plot of 6,300 square metres. The ATLAS majority is acquired by way of a forward share deal, which means that shares in a project are acquired at an early stage and will be completed in mid-2019 when Art-Invest has finalized the current renovation and letting of the property. As prominent new tenants the US marketing and IT service provider Sapient and the New Work office rental company Design Offices have already been secured.

Clifford Chance regularly advises Allianz Real Estate on major real estate transactions, most recently on the acquisition of the "Eight Floors" office complex in Berlin-Charlottenburg in mid-2017.

The Clifford Chance team advising Allianz Real Estate comprised real estate law specialists Christian Keilich (Partner), Philipp Stoecker (Senior Associate), Stefan Löchner (Partner), Anne Voigt (Associate) and Elmostafa Habib (Transaction Lawyer) (all Frankfurt) as well as Stefan Bruder (Counsel), Maria-Franziska Röntsch (Associate) (Corporate/M&A) (both Frankfurt), Jan Grabbe (Partner) (Tax) (Frankfurt), Alexandra Uhl (Counsel) (Finance) (Frankfurt), Marc Besen (Partner) (Brussels/Düsseldorf), Miriam Kammer (Senior Associate) and Dimitri Slobodenjuk (Counsel) (all Antitrust) (all Düsseldorf).