Clifford Chance advised Pacific Eagle Asset Management on acquisition of Munich office property “Ludwig”.
Singapore-based family office Pacific Eagle, advised by international real estate investor KanAm Grund Group, has acquired the Munich office property “Ludwig” at the prestigious address Ludwigstraße 21.
With its listed facade in neoclassical to neo-renaissance style, the “Ludwig” is shaping the traditional north-south axis from Odeonsplatz to Siegestor in the heart of Munich City. The main tenants of about 27,000 square meters of office space in the building complex are Boston Consulting Group and Allianz. The “Ludwig” comprises three building units, including Ludwigstrasse 21 as well as Theresienstrasse 4, 6, 8 and 10. The buildings have been modernised to the latest standards over the past decades, and the bright office spaces are equipped to a high quality standard.
KanAm Grund Group acts as investment and asset manager for Pacific Eagle. Since its foundation in 2000, the owner-managed real estate enterprise KanAm Grund Group has managed a transaction volume of more than USD 33 billion, primarily in Europe and the USA.
The Clifford Chance team advising Pacific Eagle comprised partner Christian Keilich (Picture), counsel Martin Barlösius (Munich), associates Tatjana Bougargour (Frankfurt), Arne Gerber (Düsseldorf) and Simon Schulz (Frankfurt, all Real Estate) as well as partner Thorsten Sauerhering and Counsel Anette Hofmann (both Tax, Frankfurt).
Involved fees earner: Martin Barlösius – Clifford Chance; Tatjana Bougargour – Clifford Chance; Arne Gerber – Clifford Chance; Anette Hofmann – Clifford Chance; Christian Keilich – Clifford Chance; Thorsten Sauerhering – Clifford Chance; Simon Schulz – Clifford Chance;
Law Firms: Clifford Chance;
Clients: Pacific Eagle Asset Management;