A fund managed by J.P. Morgan Asset Management -Real Global Assets has sold the office building Theodor-Heuss-Allee 50 in the west of Frankfurt’s city centre with approximately 31,800sqm to an open-end fund managed by the French asset manager Amundi Real Estate and the Finnish pension insurance company Ilmarinen. The office building is fully let to Commerzbank AG.

Hengeler Mueller, alongside BNP Paribas Real Estate and CBRE Group, advised the sellers on all legal aspects of the share deal transaction, including the refinancing of
existing debt. The Hengeler Mueller team was led by partner Daniel Kress (Real Estate/Real Estate Finance, London) and included associate Thomas Nebel (Corporate,London).