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June 2, 2015

King & Spalding Advises Orion Capital Managers on Purchase of 12-City, German Commercial Real Estate Portfolio

FRANKFURT, June 2, 2015 — A team of Frankfurt-based King & Spalding real estate attorneys advised Orion European Real Estate Fund IV, C.V., a subsidiary of Orion Capital Managers, on the purchase of a 19-property commercial real estate portfolio from two Credit Suisse real estate funds in a deal completed May 26.

Credit Suisse funds CS Euroreal and CS Property Dynamic sold the properties, the bulk of which are located in major German cities such as Berlin, Hamburg, Frankfurt and Stuttgart. The purchase price of the portfolio was not disclosed, but independent experts valued it at 625 million euros, according to Credit Suisse.

The King & Spalding team, all from the Capital Transactions and Real Estate group, included senior counsel Michael Prinz zu Löwenstein (lead); partners Dr. Sebastian Kaufmann and Dr. Andreas Böhme; counsel Dr. Sven Wortberg and Alexandra Weis; and associates Olaf Jacobsen, Cüneyt Andac and Anna Gabrysch.

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