Clifford Chance has advised KanAm Grund Kapitalverwal-tungsgesellschaft mbH on the sale of high-end office proper-ties from the KanAm grundinvest fund to a fund managed by the French asset manager Amundi Real Estate. The total gross purchase price for the five properties amounts to around EUR 875 million. Transfer of ownership is scheduled for September.

The real estate comprises three properties in Paris (Tour Egeé; 53, Quai d'Orsay and Le Stadium), one property in Rotterdam (PWC Toren) and one property in Luxembourg (Espace Petrusse). The total leasable area of these properties is around 90,000 square metres.

KanAm Grund Group, based in Frankfurt, was established in October 2000 and has since been involved in real estate transactions worth a total of more than USD 25 billion. The main focus of the group's investments is high-end properties in international cities such as Paris, London, Washington, D.C. or New York.

The Clifford Chance team comprised partner Dr. Christian Keilich and senior associate Dr. Philipp Stoecker (both Real Estate, Frankfurt).