Paris-based fund manager AEW Europe has acquired a central Berlin office asset on behalf of one of its German special alternatibve investment funds (AIFs) for an undisclosed sum.
The vendor of the property was not named.
'This acquisition is not only a strong investment in its own right, but through it we are able to further successfully diversify the portfolio allocation of the core investment strategy,' commented Marc Langenbach, head of funds & separate accounts Germany.
The 5,255 m2 property, currently headquarters to the Federal Joint Committee, is located in the inner city Berlin Spreestadt-Charlottenburg district.
'We continue to believe in the potential and the positive long-term development of the Berlin office market,' Langenbach concluded.
