Clifford Chance has advised CACEIS Bank Deutschland GmbH on the sale of an office building in Vienna. CACEIS Bank Deutschland GmbH sold the German property company as part of the liquidation of the "Morgan Stanley P2 Value" fund. The buyer is the property investment management company Warburg-HIH Invest Real Estate GmbH, Hamburg. The office building is the last property still held by the fund.

The property is located in Brehmstrasse in Vienna. It was built in 2002, extended in 2005 and now offers around 14,000 square metres of lettable space over eight floors. It also provides around 150 parking spaces. The main tenant is the Austrian Ministry of Finance, which uses the building for the offices of the Austrian customs service. Two of the other tenants are laboratories for materials and food analysis.

The Clifford Chance team was led by partner Christine Koziczinski and comprised senior associate Afroditi Görgen (both Corporate), partner Dr. Christian Keilich and counsel Henning Aufderhaar (both Real Estate), as well as partner Thorsten Sauerhering and senior associate Dr. Dominik Engl (both Tax) - all Frankfurt.