Athene Real Estate Management Company has sold 100 percent of the shares of Elementae SA to AM Alpha. Elementae owns as its main asset an office building located Rue Plaetis 5 in Luxembourg City. International law firm Clifford Chance has advised Athene Real Estate on this transaction.

The Elementae property provides approximately 3,000 square metres of office space in the heart of the historical city centre of Luxembourg City. The property has been occupied by Amazon since 2004 and will be vacated at the end of 2018.

Athene Real Estate Management Company is part of Athene Lebensversicherung, a life insurance company headquartered in Wiesbaden. AM Alpha is a Munich based real estate investment firm with a global portfolio of assets under management of currently about 2 billion Euro.

The international Clifford Chance team advising Athene comprised partners Katia Gauzès (Corporate), François-Xavier Dujardin (Tax, both Luxembourg) and Gerold Jaeger (Düsseldorf) as well as counsel Sébastien Schmitz, associate Elisabeth Lauwerier (all Real Estate), senior associate Frédérique Davister, associate Thomas Hoff (both Corporate), associate Josselin Badoc (Tax, all Luxembourg), partner Josef Brinkhaus (Frankfurt) and counsel Dominik Thomer (Düsseldorf, both Tax).