Clifford Chance advised French asset manager Amundi Real Estate, advised by L'Etoile Properties, on the acquisition of the 'Telekom Campus' in Hamburg, Germany. TAS group is the developer of the complex. The parties have agreed not to disclose the purchase price.

The 'Telekom Campus' is currently being built at Überseering 2, Hamburg, on the former premises of the BP headquarters. The newly constructed office building was designed by KSP Jürgen Engel Architekten and offers a gross floor area of approximately 44,000 square metres on nine storeys. After completion, which is expected for the second half of the year, it will be fully let to Deutsche Telekom.

The Clifford Chance team was led by partner Dr. Gerold Jaeger (Real Estate, Frankfurt) and comprised partner Dr. Uwe Schimmelschmidt (Frankfurt), counsels Dr. Dominik Thomer and Cord Freiherr von Mandelsloh (both Düsseldorf, all Tax), counsel Henning Aufderhaar and senior associate Dr. Sebastian Schmitt (both Real Estate, Frankfurt) as well as partner Dr. Jörg Rhiel and associate Dr. Margret Bootz-Hagen (both Corporate, Frankfurt).