Tristan Capital Partners And Silverton Asset Solutions GmbH’s EUR 62 Million Elephant Portfolio Acquisition From Union Investment Real Estate GmbH


Clifford Chance has advised Tristan Capital Partners and Silverton Asset Solutions GmbH on the acquisition of five office properties in Germany.

Union Investment Real Estate GmbH sells the Elephant portfolio for a total of EUR 62 million. Silverton will take over the asset management for the portfolio.

The Elephant portfolio consists of two properties in the Munich area (Ismaning and Neuried) and one each near Frankfurt (Eschborn), Düsseldorf (Meerbusch) and Hannover (Hildesheim). The properties have a total lettable area of around 35,000 square metres. Meerbusch and Neuried were previously part of immofonds 1 as sold by Union Investment in Austria. The other three properties belonged to the special fund UI GermanM.

Tristan Capital Partners is an independent London-headquartered real estate investment management boutique that is regarded as one of the leaders in the European marketplace.

Silverton Asset Solutions offers asset management for all classes of real estate. They also have a particular focus on the management, value enhancement, and repositioning of commercial real estate and properties with value-added potential.

The Clifford Chance team advising Tristan Capital and Silverton Asset Solutions comprised counsel Philipp Stoecker, partner Gerold Jaeger (Picture), associates Stephanie Cohen, Tatjana Bougargour (all Frankfurt) and Elif Üzümovali (Düsseldorf) and senior transaction lawyer Elmostafa Habib (Frankfurt) (all Real Estate), as well as partner Christof Häfner, senior associate Melissa Staunton and associate Philipp Borkowsky (all Finance, Frankfurt).

Involved fees earner: Philipp Borkowsky – Clifford Chance; Tatjana Bougargour – Clifford Chance; Stephanie Cohen – Clifford Chance; Elmostafa Habib – Clifford Chance; Christof Häfner – Clifford Chance; Gerold Jaeger – Clifford Chance; Melissa Staunton – Clifford Chance; Philipp Stoecker – Clifford Chance; Elif Üzümovali – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Silverton Asset Solutions GmbH; Tristan Capital Partners;