German asset manager Corpus Sireo has sold an office complex in Berlin’s Mitte district to local property company EB Group on behalf of private equity firm Cerberus Capital Management. The parties agreed not to disclose the sales price.
German asset manager Corpus Sireo has sold an office complex in Berlin’s Mitte district to local property company EB Group on behalf of private equity firm Cerberus Capital Management. The parties agreed not to disclose the sales price.
The property consists of three buildings in a waterfront location which provide a total GLA of about 10,200 m2 and are almost fully occupied
Corpus Sireo has been mandated to handle the management of Cerberus’ transactions across Germany. It recently disposed of properties with a total GLA of around 10,000 m2 in Schwerin, Gütersloh, Saarbrücken, Göttingen, and Magdeburg.
Cologne-based Corpus Sireo is an independent real estate investment and asset management company owned by three of the largest German municipal savings banks: Sparkasse KolnBonn (50%), Stadtsparkasse Düsseldorf (25%) and Frankfurter Sparkasse (25%). It manages commercial and residential assets worth over EUR 15 bn
