A commercial (office) property purchased in Q4 2014 through a local German company and handed-over in Q2 2015. The property is located in Tempelhof, and is the regional headquarters for Vodafone, with a long-term rental contract. The property was constructed in the 1995 and has a total rentable area of 14,612m² and 283 underground parking spaces. The strategy is to hold the property for the long-term and benefit from the high yield. Real Capital has structured the transaction, secured financing, and is managing the property.