Commerz Real has sold Hotel de Rome in Berlin to Caleus Capital Partners, an investment partnership of the Caleus Group and Singapore’s sovereign wealth fund GIC. Built in 1889 as the headquarter of Dresdner Bank, the building later accommodated the East German state bank and was fully renovated in 2006. The hotel now has a gross floor area of approx. 18,300m², accommodating 108 rooms and 37 suites, as well as a ballroom and spa area with a 20-metre pool. The purchase price was not disclosed.
“We have utilised the ongoing high demand for properties in prime locations to attain a very good result for our investors,” explained Henning Koch, Global Head of Transactions at Commerz Real.
“We are pleased that we have been able to continue our successful investment strategy with this prestigious property in the heart of the nation’s capital after already acquiring two other properties on Wallstrasse and Chausseestrasse in off-market transactions this year,” said Patrick Reich, Managing Partner of Caleus.
