Clifford Chance Advised PATRIZIA on Launch of €500 Million Joint Venture for Berlin Residential Development Programme
Clifford Chance Advised PATRIZIA on Launch of €500 Million Joint Venture for Berlin Residential Development Programme
Global law firm Clifford Chance has advised global real asset investment manager PATRIZIA on the launch of a Berlin residential development programme through a new joint venture, targeting a total development volume of up to €500 million.
PATRIZIA has partnered with Berlin-based developer COSIMO Investment Group to develop an initial pipeline of around 2,000 residential units over the coming years, with up to €200 million of equity capital to be deployed through PATRIZIA’s Living strategy within the overall €500 million development programme.
The cooperation forms part of PATRIZIA’s pan-European Living investment platform, which is deploying capital into high-conviction, value-add residential opportunities in structurally undersupplied urban markets across Europe.
The Clifford Chance team advised PATRIZIA on this transaction was led by Fabian Böhm (Partner, Head/ Real Estate/ Germany) and further comprised Kristina Jaeger (Partner), Jonathan Klein (Counsel), Magda Pawela-Häusler (Senior Associate) and Ahmad Zaheri (Senior Associate), and Sophie Töke (Senior Transaction Lawyer/ Real Estate/ Frankfurt), Dominik Engl (Partner), Jule Geiger (Transaction Lawyer, Frankfurt) and Leonie Gebauer (Tax Consultant, Munich), as well as Saskia Myners (Partner), Sascha Nolte (Counsel) and Céline Niederkorn (Trainee Lawyer/ Corporate, Luxembourg).
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