RFR Holding has acquired the East Side Mall development in Berlin from FREO Group for an undisclosed sum.
The retail property, which comprises around 38,000 m2 of GLA and 760 parking spaces, is scheduled to be completed by the end of 2018.
Situated in the Anschutz area, opposite the East Side Gallery, the mall forms part of a 20 hectare site which will be transformed into an event location. The East Side Mall will have immediate access to the main train station, with some 85,000 passengers each day, and is also near the Mercedes Benz Arena.
FREO was advised by BNP Paribas RE and Freshfields, RFR by Gleiss Lutz.
The project financing was provided by HSH Nordbank.
