CA Immo has acquired the fully let office building, Am Karlsbad 11, located in the immediate vicinity of Potsdamer Platz, Gleisdreieckpark and the Landwehr Canal in Berlin. The purchase price was not disclosed.
With a rental area of 10,098 m², the building offers tenants a central location, excellent infrastructure and local amenities.
“The property” Am Karlsbad 11 “is a strategic component of the CA Immo portfolio in Berlin and in particular complements the three properties in the immediate vicinity (Royal Directorate, Hallesches Ufer, Schöneberger Ufer) and a project development (grass blue) in the Potsdamer Platz Süd submarket. With a strong local team and an excellent rental track record, we are confident that we will be able to exploit the potential of the building and sustainably reposition the property,” said Christof Altendorfer, Managing Director of CA Immo Deutschland GmbH and Head of Investment Germany.
CA Immo acquired the property from Real Capital and was advised by Görg (law), wts (taxes), BNP Real Estate (valuation) and CBRE (technology). The seller was advised by Cushman & Wakefield and Mocuntia (technology).