Clifford Chance has advised Ivanhoé Cambridge on the acquisition of the Alte Post Quartier in Berlin.
Private equity investor Commodus was co-investor in the transaction and will now act as asset and development manager, overseeing the project.
The Alte Post quartier is a mixed-use inner-city project located in the Berlin district of Neukölln, a fast-growing cosmopolitan area. The highly attractive asset of over 16,000 square metres comprises already fully let office spaces, new residential apartments and services such as a restaurant, a gym and storage facilities, partly still under construction.
Ivanhoé Cambridge develops and invests in high-quality real estate properties, projects and companies in dynamic cities around the world. It does so responsibly, with a view to generate long-term performance. The company held CAD 64 billion in real estate assets as of December 31, 2019 and is a real estate subsidiary of the Caisse de dépôt et placement du Québec, one of Canada’s leading institutional fund managers.
The Clifford Chance team advising Ivanhoé Cambridge for the first time on this transaction in Germany comprised partner Christian Keilich (Picture), counsel Philipp Stoecker and transaction lawyer Birgit Seyfert (all Real Estate, Frankfurt), partner Stefan Bruder, senior associate Margret Bootz-Hagen and associate Arian Nazari-Khanachayi (all Corporate, Frankfurt), partner Marc Besen and Counsel Dimitri Slobodenjuk (both Antitrust, Düsseldorf) as well as partner Christof Häfner and senior associate Philip Rosak (both Finance, Frankfurt).
Ivanhoé Cambridge was advised internally by Semih Bayar Eren (Director of Legal Affairs, Europe), Miguel Ibanez Diez (Director of Legal Affairs, Luxembourg) and Paul Renaudin (Senior Legal Advisor).
Involved fees earner: Margret Bootz-Hagen – Clifford Chance; Stefan Bruder – Clifford Chance; Christof Häfner – Clifford Chance; Christian Keilich – Clifford Chance; Arian Nazari-Khanachayi – Clifford Chance; Philip Rosak – Clifford Chance; Birgit Seyfert – Clifford Chance; Philipp Stoecker – Clifford Chance;
Law Firms: Clifford Chance;
Clients: Ivanhoe Cambridge;