Greenberg Traurig advised ARB Investment Partners on the deal.
ARB Investment Partners executed the sale of the Berlin office property “Treptower”. Buyers of the property are two funds managed by Patrizia Immobilien. The purchase price is confidential.
This transaction increases the value of Patrizia’s office portfolio across Europe to nearly EUR14 billion.
The Treptower was built in 1998 and benefits from an exclusive riverside location in Mediaspree, an emerging office sub-market in Berlin, which is increasingly seen as an attractive alternative to the CBD. The asset is also situated in close proximity to transport links with easy access to the suburban train circle. With a height of 125 meters, 31 stories and a rental area of around 26,000 square meters, the Treptower is currently the tallest office property in the capital.
Patrizia is the global partner for pan-European real estate investment. Patrizia’s activities include the acquisition, management, repositioning and sale of residential and commercial real estate through its own licensed investment platforms.
Greenberg Traurig advised ARB on all legal and tax aspects of the sale in a share deal, with a team composed by Dr. Henrik Armah (Picture, Dr. Peter Schorling, Georg von Wallis, Dr. Martin Hamer, Dr. Christoph Enaux, Natalie Hsiao, Peter Zingel and Pamela Zieba.
Involved fees earner: Henrik Armah – Greenberg Traurig; Christoph Enaux – Greenberg Traurig; Martin Hamer – Greenberg Traurig; Natalie Hsiao – Greenberg Traurig; Peter Schorling – Greenberg Traurig; Georg von Wallis – Greenberg Traurig; Pamela Zieba – Greenberg Traurig; Peter Zingel – Greenberg Traurig;
Law Firms: Greenberg Traurig;
Clients: ARB Investment Partners;