Clifford Chance has advised China Construction Bank on the acquisition of the Bockenheimer Landstraße 73-77 property in Frankfurt.

The property includes an office building constructed in 1962, with a gross external area (GEA) of around 6,800 square metres, and a residential property of about 1,000 sqare metres GEA built in 1996. The seller is Frankfurt Union GmbH.

After the acquisition, the interior of the office property will be completely refitted which also includes the installation of state-of-the-art building technology. Further, the building will be provided with a new natural stone façade that will increase the energy efficiency of the property. After completion of the refurbishment and renovation measures, China Construction Bank will move into around half of the office space.

The Clifford Chance team was led by partner Dr. Gerold Jaeger and comprised senior associate Dr. Qian Ma, senior associate Markus Böhn, associate Dr. Sebastian Schmitt and partner Dr. Hans-Josef Schneider (all Real Estate) and partner Thorsten Sauerhering (Tax) – all Frankfurt.