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May 15, 2018

King & Spalding Advises Orion Capital Managers on Sale of Office Property “Office 3001” in Hamburg, Germany

FRANKFURT, May 15, 2018 — King & Spalding advises Orion Capital Managers on the sale of the office property “Office 3001” in Hamburg for a transaction volume of €56 million. The 23.310-square-meter office building was acquired by the German real estate company TLG Immobilien AG.

King & Spalding acted for the seller of the property, a subsidiary of Orion European Real Estate Fund IV, C.V., which is sponsored by Orion Capital Managers. The Frankfurt-based team included senior counsel Michael Prinz zu Löwenstein and associate Michael Debesay.

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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 1,000 lawyers in 20 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.