LaSalle Investment Management has bought a multi-let office building in Germany from Patrizia.
Announcing the deal, Patrizia said the 8,600sqm Goethe 85 building in Berlin was sold for an undisclosed sum.
Completed in 2004, the Goethe 85 building is located in Charlottenburg, separated from Berlin Mitte by the Tiergarten.
Matthias Eder, director fund management office at Patrizia, said: “We are pleased to have completed this transaction and leveraged the positive momentum in the Berlin office market to crystallise positive returns for our client following the conclusion of our business plan for this asset.
“Our asset management, fund management and transaction teams were able to once again deliver outstanding performance and value for our institutional clients.”
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