Clifford Chance has advised Babcock & Brown Investment Property 56 S.à r.l. & Co. KG and Babcock & Brown Investment Property 57 S.à r.l. & Co. KG, both advised by BLUE Asset Management GmbH, on the sale of the Kustermann Park in Munich.

It was agreed not to disclose the purchase price.

The Kustermann Park is situated in the eastern part of Munich and comprises two office buildings with approximately 74,000 square metres of office space and an underground car park.

Babcock & Brown had acquired the Kustermann Park in Munich in August 2007 in connection with the takeover of real properties from the Bayerische Bau und Immobilien group.

The Clifford Chance team comprised partner Dr. Patrick Biagosch (Corporate), senior associate Martin Barlösius and associate Martin Kerscher – all Munich.