Blackstone Real Estate Partners Europe IV (“Blackstone”) and Quantum Capital GmbH & Co. KG (“Quantum“) have agreed to acquire from Deutsche Office AG An den Treptowers 3 (“Treptowers”), a high-quality 90,000m² office building in Mediaspree, a fast growing sub-market in Berlin.
Treptowers, originally developed in 1998, is currently fully occupied by Allianz.
Blackstone and Quantum shall oversee the management of the property.
Anthony Myers, head of European real estate at Blackstone, said: “We are delighted to make another investment in Berlin. Treptowers will form an integral part of our German office portfolio which focuses on high-quality assets in prime locations across Germany’s largest cities."
Blackstone's current portfolio comprises almost 300,000m² and includes assets in Frankfurt, Hamburg, Munich, and Dusseldorf.
The buyers’ consortium has been advised by CBRE, Clifford Chance and PwC.
