GERMANY
Central European office specialist CA Immo has acquired the fully-let, modern office building, Am Karlsbad 11, in Potsdamer Platz, Berlin.
With a rental area of 10,098 square meters, the Am Karlsbad 11 Berlin office building can serve a wide range of tenants, thanks to its flexible floor plan and modern building technology.
Located near Gleisdreieckpark and the Landwehr Canal, the Berlin office building offers tenants a central location, excellent infrastructure and local amenities. In addition, the building has very good transport links to the entire city area.
CA Immo will implement a comprehensive asset management program to modernize the building and to increase the significant rent increase potential.
Christof Altendorfer, Managing Director of CA Immo Deutschland GmbH and Head of Investment Germany, says, “The property Am Karlsbad 11 is a strategic component of the CA Immo portfolio in Berlin and in particular complements the three properties in the immediate vicinity (Royal Directorate, Hallesches Ufer, Schöneberger Ufer) and a project development (grass blue) in the Potsdamer Platz Süd submarket.
“With a strong local team and an excellent rental track record, we are confident that we will be able to exploit the potential of the building and sustainably reposition the property. ”
CA Immo acquired the property from Real Capital and was advised by Görg (law), wts (taxes), BNP Real Estate (valuation) and CBRE (technology). The seller was advised by Cushman & Wakefield and Mocuntia (technology).
Source: https://www.caimmo.com/de/presse/news/artikel/ca-immo-erwirbst-buerogebaeude-in-berlin/
First investment by logistics fund
BELGIUM
The Realterm Europe Logistics Fund (RELF) has been closed at €100 million to invest in the high flow-through (HFT) logistics real estate sector in Europe.
RELF’s first investment is a 10,000 square meter HFT facility fully leased to DHL at the intersection of two key pan-European transport corridors – the E40 and the E19 in Brussels. It is also close to Brussels Airport, the Benelux ports and a dense residential population.
Balazs Lados, Managing Director for Realterm Europe and Fund Manager for RELF says, “The exceptional location, functionality and access to both transportation infrastructure and a large consumer base make this a great first addition to the portfolio.
“The property is suitable for a wide variety of operations, including air cargo, e-fulfilment, regional distribution and last mile delivery. We are excited to welcome DHL as our first customer in Europe.”
RELF is the ninth fund raised across the Realterm platform and the firm’s first value-added fund in Europe.
Realterm’s Managing Director of Capital Markets, Peter Lesburg, says, “Our successful fundraise is a testament to the team that we have built and our investors’ belief in our ability to create value through our differentiated investment approach and market insights.”
HFT properties typically facilitate a change in transportation mode and include cross-dock truck terminals, transload and related trans-shipment, air cargo, parcel sortation, final mile warehouses and other e-commerce backbone facilities.
HFT facilities with excellent transport links are the critical high-volume transfer points facilitating the efficient flow of goods through the supply chain.
Amundi Real Estate completes on SA 65 Barcelona office
SPAIN
Amundi Real Estate has acquired a new building, SA 65, in the heart of Barcelona.
It was sold by Spanish commercial property developer, Conren Tramway. The building was completed in February 2020.
Designed by the architectural firm TAG Management, SA 65 offers 8,330 square meters of office space over six floors and a 1,200 square meters roof terrace. It will be entirely occupied by Wojo (formerly Nextdoor), a promising French co-working company and subsidiary of the Bouygues and Accor groups, under a lease with a fixed term of nine years and four months.
Located in the heart of Barcelona’s 22@ sector, which is an extension of Barcelona’s business district, the building benefits from optimal accessibility. The 22@ sector is experiencing strong growth thanks to a diverse ecosystem made up of companies from the high-tech and services sectors, as well as cultural and commercial spaces.
Due to its technical qualities and the design of the project, the SA 65 building is aiming for LEED Core and Shell – Gold level certification.
Jean-Marc Coly, Managing Director of Amundi Real Estate, says, “With the acquisition of SA 65, we are completing our first transaction in Barcelona. This transaction is perfectly in line with our strategy of investing in Core/Core+ assets internationally.”
DLA Piper, Mace, L’Étoile Properties Ibérica and CBRE advised Amundi Real Estate on this transaction.
Source: https://int.media.amundi.com/news/amundi-immobilier-completes-its-first-acquisition-in-barcelona-bc8a-b6afb.html
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