Clifford Chance has advised an investment company advised by Tristan Capital Partners and caleus capital investors gmbh on the sale of the historic Haus Friedrichstadt office and retail property situated at Friedrichstrasse 194-199 in Berlin/Mitte.

The purchaser is an investment group of the Credit Suisse Investment Foundation. The group is acquiring sole ownership of this high-end property as part of an asset deal. The total lettable area of the property is around 7,000 square metres and the purchaser will be taking over all existing leases.

The listed building was constructed in 1935 and is part of the Checkpoint-Charlie / Spittelmarkt business area. Prior to reunification, the property was the last house in Friedrichstrasse in East Berlin and was home to the popular Café Stadtmitte.

The Clifford Chance team was led by partner Cornelia Thaler and comprised counsel Dennis Blechinger and associate Bernd Christian Bäumer (all Real Estate, Frankfurt).