Pamera acquires office and retail properties in Berlin and Frankfurt for €22 million (DE)

On behalf of two family offices, Pamera Real Estate Partners GmbH (PREP) has acquired an office and retail property in Berlin and an office property in Frankfurt am Main with a combined value of €22 million.

The fully leased property in Berlin is in an excellent location at Kurfürstendamm 201. It measures around 2,700 m² (about 29,062 ft²), of which about 80% is used as office and 20 percent as retail space. Pamera will take over the property, which was built in 1900 and redeveloped in 2012 and 2013, from a special fund of Union Investment.

The Frankfurt property is situated in a good location at Reuterweg 49 in the city's Westend district. Its approximately 1,700 m² (about 18,298 ft²) of office space is fully leased. The seller of the property, which was completed in 2003, is Deka Immobilien Investment.

Christoph Zapp, Managing Shareholder of Pamera Real Estate Partners: „We will continue in 2014 to look, on behalf of clients, for primarily mixed-use retail properties in good locations with prices ranging from around €5 to 15 million.“

Source: Pamera

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