Clifford Chance advises Arkéa REIM on the acquisition of an office property in Stuttgart

Global law firm Clifford Chance has advised the French public fund SCPI Transitions Europe, managed by Arkéa Real Estate Investment Management, on the acquisition of the Stuttgart office property Porticon. French asset manager La Française is the seller of the property.

The eight-storey office building Porticon is located in the north of Stuttgart, Germany. The property, built in 2002/2003 at Presselstraße 17 in Stuttgart’s office submarket Löwentorzentrum, offers around 11,400 square metres of office space and is leased long-term to the Deutsche Bahn Group.

The Clifford Chance advisory team for Arkéa comprised partner Gerold M. Jaeger, senior associates Maximilian Sablotny and David Rahmel (all Düsseldorf), senior legal support assistant Sabrina Becker (Frankfurt, all Real Estate), as well as partner Olaf Mertgen, senior associate Steffen Waadt, and associate Nicolas Jüttner (all Tax, Frankfurt).

In the acquisition, Arkéa Real Estate Investment Management was also supported by Sienna Investment Managers.