Feldberg Capital, the real estate company, has acquired a former lightbulb manufacturing plant in Berlin.
The company has designs on turning the 65,000 m2 asset into a life sciences and knowledge sector.
The Osram-Höfe building complex, formerly the German headquarters of the lightbulb manufacturer Osram, was one of the largest lamp factories in Europe until the late 1990s. It has since been converted into a business campus with a significant focus on life sciences. Today, the property hosts renowned tenants such as Charité, the German Heart Centre, and the Institut Kirchhoff.
Located in the Mitte district north of Berlin's city centre, it is surrounded by prestigious scientific institutions such as the main campus of Charité, the Robert Koch Institute, BHT University, and Bayer Pharma.
Rodney Bysh, CEO of Feldberg Capital, said: ‘Securing the investment and asset management mandate for Osram-Höfe marks a significant milestone for Feldberg as we enter the rapidly growing life sciences and knowledge sector.’
‘We see enormous potential to use our ESG-led approach to modernise, optimise, and tailor the campus to specific occupier needs, thereby increasing its value as we embark on our goal of enhancing its position as a thriving modern life sciences hub for Berlin.’
Feldberg is an owner-managed real estate investment manager with offices in Frankfurt am Main, Berlin and London. Its clients include institutional investors, family offices, and high-net-worth individuals.
The largest shareholder of the company is ESAS Holding, a global multi-asset manager and wealth management company.
