Patron Capital has bought a 550,000 sq ft office in Berlin from GE Real Estate.
The vacant office complex is located in the Charlottenburg area of west central Berlin and Patron will work alongside local developer Suprema to redevelop the site.
Helaba provided a senior loan to finance the acquisition for an undisclosed sum.
Christoph Ignaczak, investment director at Patron Capital, said: “With its excellent macro and strong micro location, this building represents a unique redevelopment opportunity. Buildings with large floorplates and competitive rents are in high demand in Berlin’s City West area and we are already seeing strong tenant interest.”
