Global law firm Clifford Chance has again advised the joint venture between pan-European investment manager Tristan Capital Partners and Lübke & Kelber, an independent real estate transaction advisory and investment firm, on the acquisition of a Leipzig residential portfolio. The seller of the approximately 350 residential units is a listed housing company. The transaction was carried out for the European Property Investors Special Opportunities 6 (EPISO 6) fund managed by Tristan Capital Partners.
The 350 residential units are in an attractive location in Leipzig and are fully let. Tristan and Lübke & Kelber plan to gradually refurbish the properties in line with current standards. With this portfolio, Tristan & Lübke Kelber are building on their first collaboration at the beginning of 2023, when they jointly acquired a Leipzig residential real estate portfolio with 2,800 units from Brack Capital Properties N.V – Clifford Chance’s real estate team also assisted the joint venture in this transaction.
Tristan Capital Partners is an independent real estate investment management boutique based in London that specializes in real estate investments in the UK and continental Europe. Clifford Chance has already advised Tristan on several important transactions, most recently on the sale of two office properties from the EPISO 6 fund to Sterlon Asset Management in October last year, in addition to the first joint venture transaction in Leipzig.
The Clifford Chance team consisted of partner Philipp Stoecker, senior associate Dominik Rauchenberger, associates Lancelot Arenberg and Sabrina Fornataro, senior transaction lawyer Birgit Seyfert and senior legal support assistant Sabrina Becker (all Real Estate, Frankfurt)
