Gleiss Lutz advises Optimum Asset Management in connection with the sale of Kempinski Plaza
A Gleiss Lutz team advised the real estate investor Optimum Asset Management in connection with the sale of the prestigious Berlin Kempinski Plaza site to the real estate investment management firm part of a well-known and major European banking institution. For confidentiality reasons, the parties have agreed not to disclose the important purchase price.
Kempinski Plaza at Uhlandstraße 181-183 comprises around 10,000 square metres of office and commercial premises. The site, which along with the office and commercial spaces also has 29 serviced apartments and an underground garage, is located close to Kurfürstendamm in Berlin-Charlottenburg.
Optimum Asset Management is a boutique real estate investment management firm with more than EUR1.5 billion of equity capital under management. Optimum specialises in high-quality assets in established real estate markets. This approach offers an attractive opportunity-risk profile for its institutional investors, which include pension funds, foundations and insurances. The company, which is headquartered in Luxembourg, is active in Germany and the US, with operating offices Berlin, Hamburg, New York and Miami.
The transaction was handled in-house by Andrea Suriano, General Counsel of Optimum with the help of team members Tobias Schnizler and Sotiria Chantzaki.
Gleiss Lutz's transaction team for Optimum was: Dr. Tim Weber (partner, lead), Svenja Heck (both Frankfurt), Konrad Discher, Josefin Saeger-Dreblow (both Berlin, all real estate), Dr. Stefan Mayer (partner), Dr. Dominik Monz (both tax, Frankfurt).