BlackRock Real Assets’ Sale Of Its Economic Quarter Office Property

Clifford Chance has advised asset manager BlackRock Real Assets on the sale of its Economic Quarter office property in Hamburg’s City Süd district.

The transaction is one of the largest asset deals of the year in the Hamburg office real estate market.

The property, with its striking glass façade, offers 28,000 square meters of space and is almost fully let.

BlackRock Real Assets combines global information from over 300 professionals in 22 offices worldwide with established local and sector operator capabilities, seeking to deliver a better understanding of asset and market dynamics throughout the lifecycle of an investment.

The Clifford Chance team advising BlackRock Real Assets comprised partner Kristina Jaeger (Picture), associate Isabel Freudenberg and Legal Support Assistant Sabrina Becker (all Real Estate, Frankfurt); partner Olaf Mertgen and counsel Anette Hofmann (both Tax, Frankfurt) as well as partner Marc Besen and Counsel Dimitri Slobodenjuk (both Antitrust, Düsseldorf).

Involved fees earner: Marc Besen – Clifford Chance; Isabel Freudenberg – Clifford Chance; Anette Hofmann – Clifford Chance; Kristina Jaeger – Clifford Chance; Olaf Mertgen – Clifford Chance; Dimitri Slobodenjuk – Clifford Chance;

Law Firms: Clifford Chance;

Clients: BlackRock;