Patrizia acquires mixed-use property in Berlin (DE)

Patrizia acquires mixed-use Forum asset in Berlin (DE)

Patrizia Immobilien AG, acting on behalf of a private investors’ fund managed by Patrizia GrundInvest, has acquired the mixed-use property ‘Forum Landsberger Allee’ in Berlin. The purchase price has not been disclosed.

 

The Forum Landsberger Allee was built in 1996 and underwent further expansion in 2015. Offering more than 35,000 m² of space, the building is almost fully let to tenants including major German retail brands such as Rewe and the drugstore chain dm. The 469-space parking garage was also recently renovated while the close proximity to the S-Bahn station Landsberger Allee of the Berlin Ringbahn, tram and bus stops means it is well-connected to public transport.

 

Commenting on the acquisition, Daniel Dreyer, Head of Acquisitions Commercial at Patrizia, said: “We have been able to identify and acquire this core property in the growing and globally sought-after metropolis. The asset, with its diverse user mix of offices, practices, hotels, hostels and retail, is a very attractive proposition for private investors looking to invest in one of Germany’s most liquid cities.”

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