Frankfurt, 22 March 2013. Linklaters has advised Ivanhoé Cambridge, the real estate subsidiary of the Canadian pension fund Caisse de dépôt et placement du Québec, on the sale of a Munich office building with 32,700 m2 of leasable area. The purchaser of the six-storey property at Kistlerhofstrasse 75 in the Obersendling urban district is JP Morgan Asset Management. The anchor tenant of the real property comprising more than 500 parking spaces is IT company Tech Data, further tenants currently being two members of the Carl Zeiss group of companies. The parties have agreed not to disclose the purchase price.

Ivanhoé Cambridge acquired the property 2006 as part of a portfolio together with three other office buildings from DB Real Estate Investment. The renewal of the lease agreement with Tech Data at the end of last year was the basis for the sale. “Since Ivanhoé Cambridge made the purchase we have continuously been working closely with our client to create sound economic conditions for a sale”, said Wolfram H. Krüger, the head of Linklaters’ Real Estate practice in Germany.

A Linklaters team led by Wolfram H. Krüger (Real Estate, Frankfurt) advised on the transaction. Other team members included Ulrich Wolff, Dr Sebastian Daub (both Corporate, Frankfurt), Kai Gassert (Real Estate, Frankfurt), Dr Carolin Reese (Corporate, Berlin) Thilo Zimmermann, Stefan Schrewe (both Corporate, Frankfurt), Dr Björn Strehl, Katrin Plundke (both Banking, Frankfurt), Manon Brindöpke and Christina Trebing (both Competition/Antitrust, Düsseldorf).

http://www.linklaters.com/News/LatestDeals/2013/Pages/Linklaters-advise…