Clifford Chance has advised Quantum on the acquisition of the iconic office complex 'Adlerwerke' in Frankfurt, Germany.

Quantum acquired the property on behalf of a consortium of its German institutional investors. The seller is PGIM Real Estate, the real estate manager of investment company Prudential Financial.

'Adlerwerke' is approximately two kilometres west of Frankfurt’s prime central business district in the upcoming city district of Gallus, which benefits from ongoing residential construction activity. The office campus comprises five buildings with a total lettable area of about 80,000 square meters, and is well-known for its historic brick buildings from the early 20th century. The buildings were fully refurbished and complemented by new buildings in 1997 and 1998. Deutsche Bahn AG and Wunderman are two long-term occupants at the fully leased property.

The Clifford Chance team was led by partner Dr. Fabian Böhm and comprised senior associate Dr. Philipp Stoecker, associate Anne Voigt and transaction lawyer Magda Pawela-Häusler (all Real Estate, Frankfurt), partner Dr. Thomas Krecek and senior associate Stefan Bruder (both Corporate, Frankfurt), partner Christian Kremer, senior associate Sascha Nolte and associate Tim Doll (all Corporate, Luxembourg), partner Thorsten Sauerhering, associate Markus Kallenbach and transaction lawyer Laura Lamster (all Tax, Frankfurt) as well as partners Dr. Gregor Evenkamp and Tobias Schulten, counsel Dr. Alexandra Uhl and senior associate Tanja Gropp (all Banking & Capital Markets, Frankfurt).