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King & Spalding Advises Orion on German Real Estate Double


16 Dec 2016
DEAL NEWS

FRANKFURT, Dec 16. 2016 – King & Spalding acted for London-based Orion Capital Managers on two real estate transactions in Germany.

Orion Capital Managers sold its Thor portfolio, comprising eight commercial properties across Germany, to GxP German Properties AG. The assets make up 65,100 square meters in properties in Frankfurt, Düsseldorf, Stuttgart, Mannheim and Hanover. The transaction was valued at €72 million.

The deal follows November’s mandate for Orion in selling Hamburg Two Towers. The building, known as Commerzbank Tower, was sold to TRIUVA.

Frankfurt senior counsel Michael Prinz zu Löwenstein led the K&S team on both matters, assisted by counsel Henning Aufderhaar and associates Jana Schneider and Michael Debesay.

About King & Spalding
Celebrating more than 130 years of service, King & Spalding is an international law firm that represents a broad array of clients, including half of the Fortune Global 100, with 900 lawyers in 18 offices in the United States, Europe, the Middle East and Asia. The firm has handled matters in over 160 countries on six continents and is consistently recognized for the results it obtains, uncompromising commitment to quality, and dedication to understanding the business and culture of its clients. More information is available at www.kslaw.com.

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