The property is located in a prime office and retail location in the historic centre of Berlin, close to the former Checkpoint Charlie. It contains about 18,500 square meters of office space as well as some 1,600 square meters retail space. After acquiring the asset in 2006, Tishman Speyer increased the occupancy of the building from approx. 70 percent to 99 percent. The asset is let to top tenants such as the energy company GDF SUEZ Energie Deutschland GmbH and Software company Magix.
Allianz acquires office and retail asset in Berlin
"We are pleased to announce this exciting addition to our real estate portfolio in Germany", says Stefan Brendgen, CEO of Allianz Real Estate Germany. "F 200's location in a very important historic place in Berlin, its high quality and excellent tenancy is fully in line with Allianz Group's investment criteria".
Allianz was advised by Linklaters LLP, whereas Tishman Speyer was advised by White & Case. CB Richard Ellis acted as the broker of the transaction.