Finnish pension fund Ilmarinen’s acquisition of 49% interest in Rocket Tower in Berlin from Amundi

Amundi Real Estate, Europe’s largest asset investment manager, has sold 49 percent of shares in the Berlin office property Rocket Tower to Finnish pension fund Ilmarinen.

The complex at Charlottenstrasse 4 in Berlin has approx. 26,200 sqm of lettable space, used mainly by Rocket Internet.

Amundi had acquired the real estate for the fund back in 2017 from JP Morgan Asset Management. The purchase prices have not been disclosed.

Clifford Chance advises Amundi on the deal with a team led by partner Gerold Jaeger (Real Estate, in picture), counsel Dominik Thomer and associate Philipp Weiten (both Tax,all Düsseldorf), partner Gregor Evenkamp and counsel Alexandra Uhl (both Capital Markets), partner Tobias Schulten (Project Finance, all Frankfurt) as well as from the Luxembourg Office partner Katia Gauzès, senior associate Frédérique Davister and associate Stéfany Sassi (all Corporate M&A).

Involved fees earner: Gerold Jaeger – Clifford Chance; Dominik Thomer – Clifford Chance; Philipp Weiten – Clifford Chance; Gregor Evenkamp – Clifford Chance; Alexandra Uhl – Clifford Chance; Tobias Schulten – Clifford Chance; Katia Gauzès – Clifford Chance; Frédérique Davister – Clifford Chance; Stéfany Sassi – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Amundi Real Estate;