Arab Investment Ltd has purchased the "Quartier am Auswärtigen Amt" in Berlin-Mitte from developer Strabag Real Estate GmbH for approximately 57 million for its second German fund. The newly constructed "Quartier am Auswärtigen Amt", centrally located in Berlin-Mitte, is a 17,500 m² mixed-use building complex. The property comprizes three office buildings, a 4-star hotel superior and a residential building which are constructed as a block of buildings surrounding a leafy courtyard with some underground parking facilities.
With "Quartier am Auswärtigen Amt" we were successful in securing another prime property in Germany for our client Arab Investments. We want to thank FAP and the Austrian Hypo Investmentbank for their support in the financing and look forward to continuing our successful cooperation" says Lars-Oliver Breuer, managing director of investment, Savills Immobilien Beratungs-GmbH.
Flatow AdvisoryPartners GmbH (FAP) acted as financial advisor to Arab Investments and was successful in winning Austrian Hypo Investmentbank as financing partner, they have agreed to finance future projects for Arab. Berlin based GÖRG acted as legal advisors whilst international real estate advisor Savills is retained as Arab Investments' sole agent in Germany and advised on the purchase.