Ampega Real Estate has paid an undisclosed sum to buy an office and commercial building in Berlin-Steglitz from the Hines Pan-European Core Fund (HECF).

Ampega said the Schloßstraße 20 building was acquired for HDI Deutschland.

The new main tenant Globetrotter took over the retail space from Sport Scheck in mid-year and will open its newly defined experience store in October.

Djam Mohebbi-Ahari, managing director of Ampega, said: “This modern property in a prime location on the highly frequented Schloßstraße offers excellent flexibility and complements our retail portfolio perfectly.

“With our new main tenant Globetrotter, we have a sustainable retail concept that will offer customers an exciting shopping experience thanks to its high level of product range and consulting expertise.”

Peter Epping, fund manager of the Hines Pan-European Core Fund, said: “After nine years, we are pleased to have achieved a result for our investors that significantly exceeds expectations. Even after the sale, HECF will continue to be a long-term investor in Berlin.”

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