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Barings Real Estate Advisers sells office and retail property in Berlin to Real IS

Feb 07, 2017

Barings Real Estate Advisers, acting on behalf of an Anglo-Saxon investor has sold an office and retail building in Berlin-Kreuzberg to Real IS.

The property, a six-storey building dating from 1931, stands on a 2,700 sq m site at the corner of Charlottenstrasse and Rudi-Dutschke Strasse, on the boundary of the Kreuzberg and Mitte districts. Situated in the historic media quarter between Potsdamer Platz and Gendarmenmarkt, the building was refurbished and the Rudi-Dutschke-Strasse section extended in 2000/2001. The property provides around 8,700 sq m of offices, 1,100 sq m of retail accommodation and almost 1,500 sq m of storage with 5 parking spaces.

The property is 95% let with Barings Real Estate Advisers having re-let the space formerly occupied by MDK-Medizinischer Dienst der Krankenkasse. The new anchor tenant is the Jülich GmbH research centre. Other occupiers of the property include a newspaper publisher and a property services provider.

JLL Berlin brokered the transaction. The vendor's legal adviser was GT Greenberg Traurig, while GÖRG Partnerschaft von RAen MBB acted for the purchaser.

Barings Real Estate Advisers is one of the world’s largest diversified real estate-focused investment advisers. The group is an active investor in private and public, equity and debt markets and provides core, value-added and opportunistic investment and advisory services to institutional and other qualified investors around the globe.

Media Contact

 

Kelly Smith
Global Media Relations
300 South Tryon Street 
Charlotte, NC 28202 
(Tel.) 980-417-5648
kelly.smith@barings.com

 

Rachel White
US Media Relations
300 South Tryon Street 
Charlotte, NC 28202 
980-417-5886
Rachel.white@barings.com

 

Melanie Hunt
EMEA Media Relations
20 Old Bailey
London EC4M 7BF  United Kingdom
+442072141551
Melanie.hunt@barings.com

 

Florence Chan
APAC Media Relations
35th Floor, Gloucester Tower
15 Queen's Road Central
Hong Kong, Central
+85229733439
Florence.Chan@barings.com

 

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