LaSalle Investment Management has acquired a fully-let office building in Germany on behalf of a local institutional investor client for an undisclosed sum.
The global asset manager has acquired the 4,000sqm office building at Charlottenstraße 82 in central Berlin, which is fully leased to the German Federal Ministry of Finance.
Falko Schlafke, fund manager at LaSalle, said: “This transaction, on behalf of our valued institutional investor client, represents a significant opportunity to acquire a property in an excellent location with a strong tenant and an attractive long-term secured income profile.”
Alexandre Arhuis-Grumbach, head of transactions Europe, core and core-plus strategies at LaSalle, said: “With an enviable location, a strong heritage and a long-term let to a public sector tenant, as well as having undergone several high-quality refurbishments, this asset is set to provide stable, long-term income.”
To read the latest IPE Real Assets magazine click here.
