Clifford Chance advised an open fund managed by Amundi Real Estate on the acquisition of the "Rocket Tower" in Berlin-Kreuzberg. Amundi was joined by L‘Etoile Properties, who will henceforth act as property manager. The seller of the high-quality office building is a fund managed by JP Morgan Asset Management.

The "Rocket Tower"  is situated in Charlottenstraße 4 in  Berlin's city centre and comprises a total rental area of approximately 28,200 square metres mainly let to Rocket Internet. The company moved into the property in August  2016 after extensive renovation works.

Amundi is one of the world's leading asset managers. The company has a global reach and offices in more than 30 countries. Amundi Real Estate is a subsidiary of Amundi and has EUR 20.6 billion assets under management.

The Clifford Chance team was led by partner Dr. Gerold Jaeger and comprised senior associate Dr. Sebastian Schmitt, associate Philip Heinzel and transaction lawyer Marisol Peláez Romero (all Real Estate, Frankfurt), partner Dr. Uwe Schimmelschmidt (Frankfurt), counsel Dr. Dominik Thomer and associate Dr. Philipp Weiten (both Düsseldorf, all Tax) as well as partner Dr. Christian Vogel (Düsseldorf), senior associate Corinna Baltzer (Frankfurt) and associate Maria Luisa Schneider (Düsseldorf, all Corporate). Lawyers from the  Clifford Chance Luxembourg office also advised on the transaction.