Arab Investments has acquired a portfolio in Berlin from the Bauwert Property Group for approximately EUR 50 million, property advisor Savills has reported. The portfolio comprises 14,800 m[sup]2[/sup] of office and retail properties located in top locations in Berlin, Wuppertal and Karlsruhe.

Arab Investments has acquired a portfolio in Berlin from the Bauwert Property Group for approximately EUR 50 million, property advisor Savills has reported. The portfolio comprises 14,800 m2 of office and retail properties located in top locations in Berlin, Wuppertal and Karlsruhe.

The tenants include pharmacy Dirk Rossmann, Snipes Textiles, a fitness studio and a Saturn technical equipment store. The properties are prelet at 55%.

Roy Frydling, head of Savills' Germany, said: 'The portfolio offers the quality of new buildings combined with excellent locations and good tenants. This in turn provides these properties with potential for the future.' Savills advised Arab Investments and Bauwert Property Group was unrepresented.