International law firm Clifford Chance has advised Ardian Real Estate on the acquisition of the Quartier 21 office complex in Hamburg, from QUEST Funds. Ardian Real Estate is part of Ardian, one of the world’s leading independent investment firms.
The property, centrally located in the northern Hamburg district of Barmbek, was built in 2012. The conveniently connected complex has around 20,000 square meters of rental space and around 300 underground parking spaces. Ardian plans to further enhance the property in the long term and reposition it in the market.
With more than 780 employees and 15 offices worldwide, Ardian manages over USD 114 billion in assets from more than 1,200 investors through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.This is the first time Clifford Chance has advised Ardian on a major real estate transaction.
Fabian Böhm, Real Estate Partner at Clifford Chance in Germany, comments: “High-quality commercial properties in prime locations will be designed differently under the changed market conditions and working models and will fulfill additional functions. However, they will remain important and continue to attract sustainably planning investors. Quartier 21 is a current example of such properties with development potential in premium locations in German cities. We are very happy to accompany Ardian on their first investment in Hamburg.”
The Clifford Chance team advising Ardian included partner Fabian Böhm with associate Dominik Rauchenberger and transaction lawyer Leonie Gebauer; also partner Dominik Engl (Tax, Frankfurt), as well as partner Geoffrey Scardoni with senior associate Antoine-David Freymann (both Tax, Luxembourg).
