Clifford Chance has advised a fund managed by GLL Real Estate Partners on the sale of Munich shopping centre "Mira". Investment manager Hines acquires the property for a German real estate special fund.

The shopping centre "Mira" encompasses 24,000 square metres of rental space and was built in 2008. The property is let to about 60 retail businesses and comprises 754 parking spaces and 1,000 square metres of office space.

The Clifford Chance team was led by partner Thomas Reischauer and comprised senior associate Dr. Philipp Stoecker, associate Anne Voigt as well as transaction lawyers Elmostafa Habib and Magda Pawela-Häuser (all Real Estate, Frankfurt), partner Dr. Frank Scholderer and senior associate Annette Röhder (both Corporate, Frankfurt), partner Thorsten Sauerhering and associate Markus Kallenbach (both Tax, Frankfurt) as well as partner Marc Besen (Brussels/Düsseldorf) and counsel Dr. Dimitri Slobodenjuk (Düsseldorf, both Antitrust).