Real IS, the real estate fund provider of German lender BayernLB, has acquired the office complex Aera in Berlin for two of its specialised AIFs/institutional investment funds.
Construction of the property, which is located in Berlin’s City West, was completed earlier this month by developer Bauwens. The building's 12,000+ m2 of rental space is spread over seven upper floors, which can be let as up to four units per floor or as one large contiguous area.
The sustainable property is aiming to achieve at least Platinum certification by the German Sustainable Building Council (DGNB).
Maximilian Kube, global head of investment management with responsibility for Germany, Austria and the German-speaking part of Switzerland at Real IS Group said: 'The ultra-modern and highly prestigious new office building features a particularly high quality of user experience and excellent facilities, while boasting the very latest New Work designs.
'The fully air-conditioned property also meets very stringent ESG requirements thanks to state-of-the-art technology.
'The building is notable for its architecture and the unique roof garden. Bauwens has created a very special property here and we would like to express our gratitude for their highly professional cooperation.'
The Aera complex is situated in the Charlottenburg-Wilmersdorf borough of Berlin’s City West, and features a 2,200 m2 roof garden. In addition, the property offers an underground parking with 36 parking spaces – most of them equipped with charging stations for electric vehicles – and two outdoor parking options.
Law firm Noerr advised Real IS on all legal aspects of the deal. Technical support was provided by the property developer Arcadis.
