German fund manager Deka Immobilien has acquired the Edisonhöfe mixed-use complex in Berlin.
German fund manager Deka Immobilien has acquired the Edisonhöfe mixed-use complex in Berlin.
The financial details of the transaction on behalf of Deka's institutional WestInvest ImmoValue fund were not disclosed. The vendor was Berlin-based Havika Lofthaus-Development.
Edisonhöfe consists of six inter-connected buildings comprising 22,000 m2 of office space, 2,900 of retail, catering and exhibition space, 1,300 m2 of warehousing and 1,000 m2 of residential accommodation.
The redeveloped property is located on the site of the Deutsche Edison Gesellschaft. The company, which later changed its name to Allgemeine Elektricitäts-Gesellschaft (AEG), was founded in the 1880s by German businessman Emil Rathenau who had acquired the licence to manufacture Thomas Edison's light bulbs.
