Warburg-HIH Invest Real Estate has acquired an office property in Berlin's Mediaspree district from an unnamed vendor.
Financial details were not disclosed.
Warburg-HIH Invest purchased the K54 office property at Köpenicker Straße 54 in Berlin for its open-ended special AIF TOP 7 Deutsche Metropolen Immobilien Invest. The fund was launched in cooperation with NORD/LB Norddeutsche Landesbank for institutional investors.
'The acquisition of this office property on Köpenicker Straße represents a really good deal. It is a perfect addition to the TOP 7 fund’s portfolio – both in terms of its outstanding location in the coveted Mediaspree office district and in terms of the expected returns the investment will generate,' commented Hans-Joachim Lehmann, managing director transaction management Germany at Warburg-HIH Invest.
The property has a total rental area of approximately 9,750 m2 and is situated within the city's Mediaspree development district.
The open-ended special AIF TOP 7 Deutsche Metropolen Immobilien Invest invests in Germany’s key core office markets and has a planned investment volume of around €400 mln.
