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Property Description

A commercial (office) property acquired in Q3 2014 jointly by Real Berlin 4 (Offshore) and co-investors, and handed-over in Q4 2014. The property is located in Hennigsdorf - the North-West suburb of Berlin – and connected to the Berlin subway system. The property was constructed in 1999 and has a total rentable area of 22,137m² and 521 parking spaces. The strategy is to hold the property for the long-term, and optimize the tenancy to create rental growth in the future. Real Capital has structured the transaction, secured financing, and is managing the property.