The asset, situated in Edisonstrasse, is part of a non-performing loan portfolio, for which Silverton took over the loan and real estate asset management in 2018. The property, which was constructed in 1976 and refurbished in 2005, stands on a 21,000m² site. It provides a lettable area of approximately 13,600m², around 10,700m² of which is logistics space, with some 2,900m² of office and staff accommodation. It is currently 86% let, with full occupancy anticipated shortly.
Stefan Dolker, a partner at Silverton, commented: “Our intensive on-site asset management was a major key to our success. This enabled us to succeed in acquiring prospective tenants for the office space - which had stood vacant for some 20 years - and to return the property to the market. We were able to take advantage of our network and the trust we have earned through our past activities in the industry, to achieve a good result for our client"