Deka Immobilien acquires office and retail complex in Berlin (DE)

Deka Immobilien GmbH has acquired the building complex Hackesches Quartier Berlin for its open-ended property fund West InterSelect. The seller is a specialized real estate fund managed by IVG Institutional Funds GmbH. The purchase price was not disclosed.

The eight-story office and retail building was built in 2011 and is certified by the American sustainability standard Leadership in Energy & Environmental Design (LEED ) gold. The total lettable area is approximately 33,500 m², including 28,000 m² of office and 4,200 m² of retail space, and is almost fully let. The main tenants are the energy supplier GASAG and the advertising agency Scholz & Friends.

Hackesches Quartier Berlin is located in a central city location and has very good access to the public transportation and road network.

Deka Immobilien was advised by the law firm GSK Stockmann + Kollegen and by CB Richard Ellis . BNP Paribas Real Estate (BNPPRE) and the law firm Hogan Lovells have advised the seller's side.

Source: Deka Immobilien

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