Orco acquires office property in Berlin

By A staff reporter 2006-12-08T00:00:00+00:00

Orco Property Group, based in Luxembourg, has acquired an office building in Berlin for an undisclosed sum. The property at Kurfurstendamm 102 comprises 10 office and retail units with a total floor space of 3,400 m[sup]2[/sup]. The tenants include Commerzbank, Canon and the IVD real estate federation of Berlin-Brandenburg.

Orco Property Group, based in Luxembourg, has acquired an office building in Berlin for an undisclosed sum. The property at Kurfurstendamm 102 comprises 10 office and retail units with a total floor space of 3,400 m². The tenants include Commerzbank, Canon and the IVD real estate federation of Berlin-Brandenburg.

Real estate newspaper Immobilien Zeitung said the Orco Property Group acquired the adjoining property at Kurfürstendamm 103/104 as well as two other properties in Berlin earlier this year. Winter & Deer acted as advisor for the latest transaction.