Clifford Chance has advised Korean Vestas Investment Management on the acquisition of the new Allianz campus in Berlin. Corpus Sireo, a Swiss Life company, is the seller of the office building complex.

The new Allianz headquarters is currently being developed on two construction sites which encompass a total area of 27,000 square metres and are situated between Rudower Chaussee and Hans-Schmidt-Straße in close proximity to the S-Bahnhof Adlershof. The office complex comprises three buildings with a lettable area of approximately 60,000 square metres and is to be ready for occupancy in spring 2019.

The Korean investment manager Vestas Investment Management, headquartered in Seoul, was founded in 2010 and currently manages assets worth around USD 2.4 billion.

The Clifford Chance team was led by partner Dr. Gerold Jaeger (Real Estate, Düsseldorf) and comprised partner Dr. Uwe Schimmelschmidt (Tax, Frankfurt), counsels Dr. Dominik Thomer and Cord Freiherr v. Mandelsloh as well as associate Dr. Philipp Weiten (all Tax, Düsseldorf), senior associate Dr. Sebastian Schmitt, associate Dominik Janson (both Frankfurt), counsel Martin Barlösius and senior associate Dorothea Friederike Schimmel (both Munich, all Real Estate), partner Tobias Schulten, senior associates Anna Brinkmeier and Tanja Gropp (all Banking & Capital Markets, Frankfurt), partner Joachim Hasselbach (Corporate, Frankfurt) as well as partner François-Xavier Dujardin (Tax), partner Christian Kremer, counsel Dunja Damjanovic-Pralong, senior associate Frédérique Davister and associate Stéphanie Reul (all Corporate, Luxembourg) as well as partner Hyun Suk Kim (Capital Markets, Seoul).