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 13,000 metres squared. 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.
Soruce: europe-re.com on the 2nd of March
https://europe-re.com/macquarie-am-and-mapfre-acquire-office-building-in-berlin-de/71474