Rockpoint exits major Berlin investment (DE)

R+V Versicherung has acquired the 30,000-m² 'Ernst-Reuter-Haus' from a joint venture owned by Rockpoint Group (90%) and Cenda (10%) for an undisclosed amount.

ERH Visualisierung Frontalansicht

Ernst-Reuter-Haus in Berlin.

The building is the new seat of an important federal agency (Bundesamt für Bauwesen und Raumordnung) that has signed a 16-year lease for the entire building last December. The building was initially acquired in spring 2008.

Jones Lang LaSalle was exclusively mandated by Rockpoint with the sale.

Rockpoint's most recent acquisition was the 60,000-m² KöQuartier on Königsallee in Dusseldorf (key tenants include Deutsche Bank, Linklaters, and Bank of Tokyo) that closed in winter 2010 for an undisclosed amount in an exclusively negotiated off-market transaction.

Rockpoint is a global real estate investment management firm employing over 50 professionals with offices in Boston, Dallas, San Francisco, Frankfurt, London and Tokyo and since opening its office in Frankfurt in autumn 2005 it has acquired over 50 assets in mostly single-asset transactions in Germany for its global opportunistic real estate funds.

Source: Jones Lang LaSalle

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