BBarings, one of the world’s largest diversified real estate investment managers, announces the sale of Chausseestrasse 23 / Zinnowitzer Strasse 2 in central Berlin to a fund managed by Credit Suisse Asset Management. Barings acquired the seven-story office building almost three years ago on behalf of an institutional investor as part of a core investment strategy.
The 19,400 sq m office building, built in 1998, is fully let to Vattenfall GmbH. Vattenfall is vacating the property post the completion of its new headquarter building at Berlin- Südkreuz.
The building is located near the Natural History Museum, directly at the underground station of the same name. The building is connected to the broader public transport system via the nearby tram and bus lines and through Berlin central station to the long-distance transport system.
Source : Barings Real Estate