Clifford Chance has advised CA Immo, WPI and another pension fund on the sale of Tower 185 in Frankfurt. Deka Immobilien GmbH is purchasing the office building for EUR 775 million, with CA Immo selling its one-third share. This means that CA Immo is divesting its largest single investment. The transaction is due to complete at the beginning of Q1 2018.

Tower 185, which is located between the banking district and Europaviertel in Frankfurt, was developed exclusively by CA Immo and completed in 2011. In 2013, around 67 percent of the tower was sold to WPI Fonds SCS-Fis and a pension company. The 102,000 square metres of lettable space and 552 parking spacing comprising Tower 185 are around 90 percent let. PWC is currently the main tenant and lets over 60 percent of the building's floor space.

The Clifford Chance team comprised partner Reinhard Scheer-Hennings, partner Dr. Gerold Jaeger (both Düsseldorf) and senior associate Dr. Philipp Stoecker (Frankfurt), associates Alexander Shemyakin and Jonathan Klein (both Düsseldorf), senior transaction lawyer Anja Roth and transaction lawyer Elmostafa Habib (both Frankfurt) - all Real Estate, partner Dr. Christian Vogel, of counsel Dr. Moritz Pöschke and associates Maria Luisa Köhler and Katharina Franitza (all Corporate, Dusseldorf) as well as partner Dr. Claudia Milbradt, senior associate Anja Schwarz (both IP, Dusseldorf) and counsel Dr. David Pasewaldt (Compliance, Frankfurt).