Macquarie AM and MAPFRE acquire office building in Berlin (DE)

Macquarie AM and MAPFRE acquire office building in Berlin (DE)

Stable Income Europe Real Estate Fund – Macquarie II (SIEREF - Macquarie 2), jointly advised by Macquarie Asset Management and MAPFRE, has acquired an office building in Berlin from a fund managed by Ardian. The eight-story property spans approximately 13,000m². It is almost fully leased to strong covenant tenants and offers income security and rental upside potential. Located in the central Wilmersdorf district, the building offers great connectivity to other areas in Berlin and is in close proximity to public and private transportation. 


The building has been recently refurbished in 2020 to 2022. It features a modern entrance area, a generous recreation area and a newly created terrace space, accessible for all tenants. Sustainability features include district heating, full LED lighting and green electricity throughout the property. The building has been awarded a Wired Score Gold certificate and a ‘Very Good’ rating under the BREEAM certification.


Christian Goebel, Co-Head of Macquarie Asset Management’s Core/Core-Plus Real Estate strategy, said: “In recent years we have seen a significant shift in demographics, with increased urbanisation, digitisation, and greater focus on sustainability. We are excited to add this high-quality office building to our portfolio, as we continue to invest in real estate that supports our changing world.”


Alfredo Munoz, Real Estate General Manager at MAPFRE, said: “We are very happy to be embarking on this new venture with Macquarie. In spite of uncertainty in the macroeconomic context, MAPFRE remains focused on pursuing assets in primary markets of Europe's capitals, targeting high quality tenants to generate stable cash flows.”

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