Clifford Chance has advised Union Investment on the acquisition of the Meliá hotel in Düsseldorf (Germany) on behalf of the open-end real estate fund, UniImmo: Deutschland, from TMW Immobilien Weltfond, managed by Pramerica. The 4-star superior hotel, which comprises a leasable area of around 14,000 sqm and some 200 rooms, is centrally located in Düsseldorf near the city's Old Town, Königsallee and the banks of the Rhine River.

Union Investment's hotel portfolio now includes 32 hotels with a total of EUR 1.8 billion of property assets under management.

The Clifford Chance team comprised partners Dr. Sandra Thiel (Corporate) and Thomas Reischauer, counsel Dr. Kristina Jaeger, associate Sebastian Schmitt and transaction lawyer Anja Roth (all Real Estate) – all Frankfurt.