CBRE Global Investors and Fabrica, the advisor and asset manager of Cicerone Fund respectively, have acquired the Feratti Offices, Alte Jakobstrasse 105 in Berlin for approximately €35m for the Cicerone Fund’s fully-owned Dutch subsidiary.
The 5,500m² prime grade A office space is fully let to publishing group, BV Deutsche Zeitungsholding. The building was built in October 2016 and comprises six floors and will have a Leed Gold certificate.
The property is located in central Berlin, in the Mitte District, an area that had seen significant development and refurbishment activity during the last years.
Cicerone Fund is the real estate pan-European fund dedicated to Cassa Forense, the Italian first pillar private pension fund for lawyers and could reach €1bn of investments, both by contribution and equity subscription. The asset portfolio is now made up of 33 properties, with a main focus on office, retail and residential sectors for circa €680m of total AUM.
