Global real estate player Tishman Speyer has acquired Q207 at Friedrichstrasse 76-78, a landmark commercial property in central Berlin, from Allianz Real Estate, acting on behalf of several Allianz group companies.
Financial details were not disclosed.
The transaction was undertaken on behalf of Tishman Speyer’s TSEV VIII value-added fund and co-investment partners.
The property in Berlin Mitte, known locally as Galeries Lafayette, occupies almost an entire block between Friedrichstrasse and Französischer Strasse. It is in close proximity to Q205 that is also owned by Tishman Speyer and within reach of two busy transportation hubs.
Said Florian Reiff, senior managing director overseeing Tishman Speyer’s German operations: 'We’re truly delighted to add this exceptional property to our portfolio in Berlin, in such a prime location at the heart of one of the most dynamic commercial real estate markets in Europe.
Source: properyeu.info on the 7th of February
(https://propertyeu.info/Nieuws/Tishman-Speyer-acquires-prime-mixed-use-opportunity-in-Berlin/88515ace-1f68-47bf-b422-e9f37170bcca)