Clifford Chance has advised Union Investment on the sale of its residential and office building "ABC-Forum" in Hamburg to an institutional investor. The property was held by its open-ended real estate fund UniImmo: Deutschland. The parties have agreed not to disclose the purchase price.

Centrally located in Hamburg's city centre, the "ABC-Forum" is composed of two parts – an eight-storey residential and retail building and a seven-storey office building – with a total of 12,633 m² rental space.

The Clifford Chance team comprised partner Cornelia Thaler, counsel Dr. Kristina Jaeger and senior associate Dennis Blechinger (all Real Estate, Frankfurt).

Clifford Chance has been advising Union Investment on real estate transactions in Germany on an ongoing basis for the past several years, including on the acquisition of the "Meliá" hotel in Düsseldorf in 2013, and on the acquisition of a retail property in Ulm, and the "Sophienhof" shopping centre in Kiel in 2012.