King & Spalding advises Orion Capital Managers on the sale of the office property “Office 3001” in Hamburg for a transaction volume of €56 million. The 23.310-square-meter office building was acquired by the German real estate company TLG Immobilien AG.

King & Spalding acted for the seller of the property, a subsidiary of Orion European Real Estate Fund IV, C.V., which is sponsored by Orion Capital Managers. The Frankfurt-based team included senior counsel Michael Prinz zu Löwenstein and associate Michael Debesay.