Institutional investor sells two office properties on Berlin's Kurfürstendamm

A globally active investment manager has sold two office buildings on Kurfürstendamm in Berlin. The properties are located in a prime location in City West and have a total usable area of around 7,000 m². The new owner plans to revitalise and re-let the space in the near future in order to make optimal use of the potential of the properties in this sought-after inner-city location. The transaction shows that office properties in good locations are once again attracting great interest from value-add investors. Engel & Völkers Commercial Berlin acted as exclusive advisor and broker on the asset deal.