Ampega Real Estate GmbH has acquired the office and commercial building Schloßstraße 20 ( 6.300sqm ) in Berlin-Steglitz for HDI Deutschland AG. The seller is the Hines Pan-European Core Fund (HECF), a fund managed by the international real estate firm Hines. The new main tenant Globetrotter took over the retail space from Sport Scheck in mid-year and will open its newly defined experience store in October.
Djam Mohebbi-Ahari, Managing Director of Ampega, comments: “This modern property in a prime location on the highly frequented Schloßstraße offers excellent flexibility and complements our retail portfolio perfectly. With our new main tenant Globetrotter, we have a sustainable retail concept that will offer customers an exciting shopping experience thanks to its high level of product range and consulting expertise.”
Peter Epping, Fund Manager of the Hines Pan-European Core Fund, says: “The sale of the property is another successful example of our strategy to create long-term value through active asset management. After nine years, we are pleased to have achieved a result for our investors that significantly exceeds expectations. Even after the sale HECF will continue to be a long-term investor in Berlin.”
The parties have agreed not to disclose the purchase price.
Ampega plans to further increase the real estate quotas of its affiliated Group companies in the coming years. Sales are therefore not planned for the time being. All purchases will be made from callable equity. The company is looking for nationwide forward deals and portfolio properties in the asset classes of office, logistics, retail parks, mixed-use district developments and existing residential complexes for energy-related modernization. Sustainable commercial buildings without textile occupancy are selectively reviewed.
Source : Company