Clifford Chance Advised HIH Invest on the Acquisition of a Fully Let Residential Complex in Böblingen

Clifford Chance Advised HIH Invest on the Acquisition of a Fully Let Residential Complex in Böblingen

Global law firm Clifford Chance advised HIH Invest, a leading investment manager for real estate and infrastructure, on the acquisition of the “Quartier auf dem Flugfeld” residential ensemble in Böblingen for the open-ended special AIF “HIH Wohninvest Quartiere Deutschland”

The fully let residential property, with a total rental area of approximately 10,300 square metres, comprises 121 residential units, a commercial unit on the ground floor, and an underground car park with 181 spaces. The seller of the residential complex, which was completed in 2012, is the Hamburg-based investment, asset, and fund manager HT Group, which acquired the property in 2013 for the closed-end real estate fund “domicilium 7”.

The residential ensemble forms part of the new “Flugfeld” urban quarter – the largest construction project in the Stuttgart region, located on a former airfield. Covering around 80 hectares, the development will provide residential, commercial, and service spaces with short distances to local amenities, leisure facilities, and medical care.

The Clifford Chance team that advised the HIH Invest was led by Philipp Stoecker (Partner/ Real Estate, Frankfurt) and comprised Tatjana Bougargour (Senior Associate/ Real Estate, Frankfurt), Laura Spohn (Associate/ Real Estate, Frankfurt), and Birgit Seyfert (Senior Transaction Lawyer/ Real Estate, Frankfurt), as well as Dominik Engl (Partner, Frankfurt), Leonie Gebauer (Tax Consultant, Munich) and Jule Geiger (Transaction Lawyer/ Tax, Frankfurt).

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