Noerr has advised Real I.S. AG on the deal.
Real I.S. AG announced the acquisition of two office properties in top locations in Berlin for Real I.S. Themenfonds Deutschland II. PATRIZIA AG is the seller of the office property portfolio.
Both properties have over 18,000 square metres of space in total, including 16,000 square metres of office space, and are situated in the districts of Friedrichshain and Berlin-Mitte. The office building in Warschauer Strasse in Friedrichshain consists of a historic property which was meticulously restored and expanded in 2019/2020. The second property is located in Chausseestrasse and consists of an office building which was fully renovated in 2019 plus a residential building with 25 flats and a commercial unit. Both office properties are fully leased with long remaining lease terms.
The Real I.S. Group has a track record of more than 25 years as BayernLB’s fund provider specialised in real estate investment. As a member company of the Sparkassen-Finanzgruppe (group of German savings banks, Landesbanken and associated companies), the Group ranks among the leading asset managers in the German market. Along with Alternative Investment Funds (special AIFs and closed-end mutual AIFs) and an open-ended real estate investment fund for private investors, the range of products and services comprises customised fund solutions, club deals and joint ventures.
The Noerr team was led by Annette Pospich (Picture) and Manuel Lomb and also included Isabell Wunder, Dr Antonio Di Mieri, Dr Elmar Bindl, Dr Sebastian Leidel, Sarah Blazek, Dr Lucas Gasser and Dr Joachim Rung.
Involved fees earner: Elmar Bindl – Noerr; Sarah Blazek – Noerr; Lucas Gasser – Noerr; Sebastian Leidel – Noerr; Manuel Lomb – Noerr; Annette Pospich – Noerr; Joachim Rung – Noerr; Isabell Wunder – Noerr;
Law Firms: Noerr;
Clients: Real I.S. AG ;