Eurofund Group has reportedly secured a 50% stake in the iconic Mall of Berlin, marking a major vote of confidence in the German retail property sector. The deal, which values the asset at approximately €700m, positions Eurofund as a significant player in Berlin’s evolving retail and mixed-use market.
Located on Leipziger Platz in Berlin-Mitte, the 125,000m² Mall of Berlin combines premium retail with residential and hospitality components, including 220 flats and a Motel One hotel. Its central location and mix of uses make it one of the capital’s most attractive urban regeneration success stories, drawing footfall from both residents and tourists. The acquisition is seen by investors as a long-term bet on Berlin’s population growth and retail resilience.
The transaction is understood to have been managed by CBRE on behalf of the current owners, High Gain House Investments (HGHI) and Arab Investments, managed by the Affara family office. Despite receiving full acquisition offers, the sellers chose to retain a 50% stake, signalling continued confidence in the asset’s value appreciation.
While Eurofund Group has not made an official statement, the move fits squarely within its expansion strategy. In 2023, Eurofund made waves with its acquisition of the Rhein-Ruhr-Zentrum in Mülheim, furthering its reach across prime European urban assets. “Germany is a priority market,” Ian Sandford, CEO of Eurofund, previously stated. “We see opportunity in long-term retail reinvention, and we are here to stay.”
Of particular interest to investors and developers is the repositioning potential of Mall of Berlin’s upper levels, which have underperformed in recent years. Sources close to the deal suggest that Eurofund sees untapped value in activating those floors with new food, leisure or hybrid retail concepts, creating further footfall magnetism across the scheme.
The transaction is expected to close after the summer, reinforcing the narrative that institutional appetite for European trophy assets remains strong despite macroeconomic uncertainty.
People mentioned
Ian Sandford – CEO, Eurofund Group
Companies mentioned
Eurofund Group – European retail investor and developer
Mall of Berlin – Mixed-use retail asset in Berlin
High Gain House Investments (HGHI) – Berlin-based property developer
Arab Investments – Investment firm managed by the Affara family office
CBRE – Global real estate services firm
Motel One – Hotel brand operating within the Mall of Berlin
Image Source: HGHI
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