On behalf of the Allianz Group, Allianz Real Estate Germany has acquired Friedrichstraße 200, an office and retail asset in Berlin. The seller is a direct subsidiary of Tishman Speyer.
After acquiring the asset in 2006, Tishman Speyer increased the occupancy of the building from approx. 70% to 99%. The asset is let to top tenants such as the energy company GDF SUEZ Energie Deutschland GmbH and Software company Magix.
"We are pleased to announce this exciting addition to our real estate portfolio in Germany," says Stefan Brendgen, CEO of Allianz Real Estate Germany. "F 200´s location in a very important historic place in Berlin, its high quality and excellent tenancy is fully in line with Allianz Group´s investment criteria."
Allianz was advised by Linklaters LLP, whereas Tishman Speyer was advised by White & Case. CB Richard Ellis acted as the broker of the transaction.
Source: Allianz Real Estate GmbH