Clifford Chance has advised asset manager BlackRock on the acquisition of the office complex Hanse Atrium in Hamburg. The complex was purchased by BlackRock Eurozone Core Property Fund. The eight-storey building in the southern part of the Hamburg City area has been awarded a gold certificate by the German Sustainable Building Council (DGNB) and has an area of around 15,700 m². It is almost entirely leased to leading financial and industrial enterprises.

The property was sold by the special fund Next Estate Income Fund (NEIF) which is managed by BNP Paribas REIM Luxembourg. NEIF, which invests only in properties with sustainability certificates, acquired Hanse Atrium in 2012.

 

The Clifford Chance German team advising BlackRock comprised partner Kristina Jaeger, associates Isabel Freudenberg and Simon Schulz as well as transaction lawyer Elmostafa Habib (all Real Estate), partner Jörg Rhiel, senior associate Moritz Petersen and associate Nadine Fell (all Corporate/M&A) as well as partner Marco Simonis (Tax/Funds) and counsel Alexandra Uhl (Funds, all Frankfurt). The team at the Luxembourg office comprised partner Katia Gauzès, senior associate Frédérique Davister and trainee lawyer Raphael Theiss (all Corporate/M&A).