French private equity investor Ardian has announced the sale of an office building at Spichernstrasse 2 in the City West district of Berlin to the Stable Income Europe Real Estate Fund – Macquarie II, jointly advised by Macquarie Asset Management and Mapfre, for an undisclosed amount.
Built in 1993, the property is located in the heart of Berlin, and has around 13,000 m2 of rental space.
Ardian’s Real Estate team acquired the property in 2018 and has since ovextensively renovated the asset, which received a WiredScore Gold as well as a Breeam Very Good rating.
The building is now 95% occupied by tenants including companies KVL and TenBrinke, which are active in the real estate sector.
'The sale of the office building in Berlin's Spichernstrasse confirms that quality, sustainability and location prevail even in the current challenging market environment. The newly awarded certifications also reflect two of our focus areas in real estate development: sustainability and digital infrastructure,' said Nico Rheims, managing director at Ardian.
