Signature Capital has sold the Berlin Vodafone headquarters in the district of Tempelhof to COLCAP. The fully rented property known as the Berlin Vodafone Campus occupies 13,000m² with four upper floors. The building with an unobstructed view of Tempelhof Field is located directly at the entrance to the Berlin city motorway and is very well connected to public transport.COLCAP expects a positive influence on the area in the medium term due the larger development “Neue Mitte Tempelhof” in the direct vicinity of the property. The purchase price was not disclosed.
COLCAP Managing Director Claus-Henning Tillner commented: “As investors in EDGE Sudkreuz, we have always held a strong belief in decentralised locations that are perfectly linked to the transport system. We followed this principle with this property as well.”
“The Berlin office market continues to be of great interest to our international end investors. With Vodafone Kabel Deutschland, we are very pleased to have a particularly relevant ‘digital heavyweight’ as a long-term tenant,” said COLCAP Managing Director Uwe Hellendahl.
Frederick Honemann, Head of Transactions with Signature Capital, said: “We have seen very positive changes in this submarket and seized the opportunity for a sale following an extension of the lease.”