Clifford Chance has advised the French fund company Sofidy SA on the acquisition of a retail property in Freiburg im Breisgau for its real estate fund Immorente.
The retail property is located north of Freiburg’s old town in the city’s largest industrial and commercial area. Offering 10,000 square meters of space and 130 parking spaces, the property is fully let to furniture discounter Roller and McDonald’s.
Sofidy is the leading French player in real estate funds, SCPI. With this first acquisition of a retail property in Germany, Sofidy continues its strategy of diversifying its investments. Since 2014, the company has acquired several office and hotel properties in Germany.
The Clifford Chance team advising Sofidy comprised partner Gerold Jaeger (picture), associates Philip Heinzel and Jonathan Klein (all Real Estate, Düsseldorf) as well as partner Josef Brinkhaus (Frankfurt), counsel Dominik Thomer and transaction lawyer Philipp Schulze (all Tax, Düsseldorf).
Involved fees earner: Jonathan Klein – Clifford Chance; Gerold Jaeger – Clifford Chance; Philip Heinzel – Clifford Chance; Josef Brinkhaus – Clifford Chance; Dominik Thomer – Clifford Chance; Philipp Schulze – Clifford Chance;
Law Firms: Clifford Chance;
Clients: Sofidy SA;