M7 Real Estate has let more than 21,500 sq ft of office space at Forum Marburg, Neue Kasseler Strasse 62, in Berlin.
FiNet Financial Services Network AG has extended its existing lease on more than 18,000 sq ft of office space, while the association Arbeit und Bildung is to move into around 2,100 sq ft in the property. The asset is now virtually fully let.
Built in 1938 and fully refurbished in 2000, the multi-tenanted property has a total lettable area of more than 130,000 sq ft. The major occupiers are Siemens, Postbank Finanzberatung and ARAG.
The property belongs to the M7 European Real Estate Investment Partners III fund portfolio.
M7 EREIP III pursues a value-add strategy, concentrating on retail, office and multi-let properties in the industrial sector that produce steady incomes but also have asset management potential. The target markets are Germany and the Netherlands.
The fund is fully invested and has a portfolio of 65 properties in Germany and the Netherlands, with a total floor area of around 5m sq ft.
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