Clifford Chance has advised RFR Holding GmbH on the sale of the Frankfurt IBC Campus to GEG German Estate Group AG as part of an off-market transaction. The transaction has a total investment volume of approximately EUR 400 million, making it the largest single property deal in Germany in 2016.

h"IBC – International Business Campus" in Frankfurt is located at Theodor-Heuss-Allee 70-74 and consists of three buildings extending over a gross lettable area of around 84,000 m² and an underground car park with 541 parking spaces. It is occupied by blue-chip companies such as Deutsche Bank AG, Degussa Bank, Universal Investment and KfW on long-term leases, some of which have been recently extended.

The Clifford Chance team was led by partner Thomas Reischauer and comprised associate Jörg Reinshagen (both Real Estate), partner Joachim Hasselbach, counsel Frederik Mühl (both Corporate/Private Equity), partner Thorsten Sauerhering and associate Markus Kallenbach (both Tax) – all Frankfurt.