EPISO LP, a value-added/opportunistic fund co-advised by AEW Europe and Tristan Capital Partners, have acquired, through their Luxembourg entity and together with their partner Berlin-based caleus capital investors gmbh (caleus), the landmark office building Treptowers from a subsidiary of Allianz, represented by Allianz Real Estate Germany.
The distinctive 125-meter tower is the highest office building in Berlin and comprises together with the listed buildings along Hoffmannstrasse a total of 35,000 m² lettable area.
Ric Lewis, CEO of Tristan Capital and Senior Portfolio Manager of EPISO said: "The Fund has already established a strong presence in the Berlin investment market with the previous purchase of more than 2,600 apartments in Berlin. It has now further strengthened its portfolio in the city with the acquisition of its first landmark office investment."
Gereon Kohlgrueber of AEW Europe added: "The joint venture with caleus intends to acquire additional apartment complexes and to invest at least additional 100 million in office buildings in Berlin within the next six to 12 months."
Source: Bellier Financial