Global law firm Clifford Chance has advised pan-European real estate investment manager Tristan Capital Partners on the sale of one of its Berlin properties. The transaction comprised the sale of the residential property at Engeldamm 12-24 in Berlin-Kreuzberg to BauMont Real Estate Capital.
Engeldamm 12-24 comprises three existing residential buildings as well as vacant plots with potential for further residential development. Plans previously publicised for the property envisage the construction of 122 additional residential units.
The property formed part of the portfolio of Tristan Capital Partners’ value-add fund EPISO 5, which acquired it in 2020 through the acquisition of Berlin-based real estate company Industrie und Handel Aktiengesellschaft für Vermögensverwaltung.
The Clifford Chance team advising Tristan Capital Partners consisted of Partner Philipp Stoecker and Associate Robin Molitor (both Real Estate, Frankfurt).
Press contact: Nadja Fersch
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