Commerz Real acquires Die Mitte in Berlin for EUR 126m

By A staff reporter 2009-07-08T00:00:00+01:00

Commerz Real announced on Wednesday that it has acquired the retail property 'Die Mitte' in Berlin for the open-ended real estate fund hausInvest europa. The acquisition involved total investment costs of EUR 126.6 mln.

Commerz Real announced on Wednesday that it has acquired the retail property 'Die Mitte' in Berlin for the open-ended real estate fund hausInvest europa. The acquisition involved total investment costs of EUR 126.6 mln.

The seller of the property was project developer Hines Immobilien.

Commerz Real said the property is located in a prominent spot on Alexanderplatz, right in the heart of a highly frequented shopping quarter. The fully let building was completed in March 2009 and has a gross lettable area of nearly 20,000 m².

Tenants include Saturn, New Yorker, EDC Esprit, Esprit, dm, Promod, Steilmann, O2, E-Plus, and L'Tur.