Clifford Chance advises Sienna Real Estate for the Saud Al Rashed family office from Kuwait on the purchase of a commercial property in Berlin

International law firm Clifford Chance has advised Sienna Real Estate for the Saud Al Rashed family office from Kuwait on the purchase of the retail commercial property at Malchower Chaussee 10. The long-term single tenant for the 14,701 m² space is the Hornbach DIY chain. The building is ideally positioned adjacent to one of Berlin’s main traffic arteries and caters to a large catchment area.

The Clifford Chance team consisted of partner Gerold Jaeger, counsel Philip Heinzel-Flothmann, senior associate David Rahmel (Real Estate, all Düsseldorf), senior legal support assistant Sabrina Becker (Real Estate, Frankfurt), partner Olaf Mertgen, senior associate Steffen Waadt (both Tax, Frankfurt), partner Tobias Schulten, counsel Melissa Staunton and senior legal support assistant Cornelia Lambert (all Global Financial Markets, Frankfurt).

In Luxembourg and Dubai, the team included partner Katja Gauzès, senior associate Frédérique Davister and trainee lawyer Maxime Majerus (all Corporate), associate Hilda Bertamé (Global Financial Markets) and associate Tom Bleser (Tax, all Luxembourg) as well as partner Qudeer Latif and associate Raad Gorji (both Global Financial Markets, Dubai).