Clifford Chance has advised TRIUVA Kapitalverwaltungsgesellschaft mbH (formerly IVG Institutional Funds) on its acquisition of the "Shell-Haus" in Berlin as part of a share deal. The purchase price amounts to approximately EUR 80 million. The vendor is a subsidiary of Orion European Real Estate Fund IV, C.V., which is sponsored by Orion Capital Managers.

TRIUVA Kapitalverwaltungsgesellschaft mbH is a leading provider and manager of structured real estate products for institutional investors in Germany with assets under management of around EUR 10 billion.

The "Shell-Haus" has a gross floor area of more than 18,000 square metres. The Institute for Federal Real Estate has been the sole tenant since 2012, having leased the building on behalf of the Federal Ministry of Defence.

The Clifford Chance team was led by partners Dr. Jan Grabbe (Tax) and Dr. Christian Keilich (Real Estate) and comprised associate Dr. Sebastian Schmitt (Real Estate), partner Christine Koziczinski (Corporate), senior associates Dr. Heiko Kermer (Tax) and Stefan Bruder and associate Carmen Büker (both) – all Frankfurt.