SIGNA Group’s acquisition of landmark office building “Schicklerhaus” in Berlin

Ashurst advised Natixis Pfandbriefbank AG on financing the acquisition of landmark office building “Schicklerhaus” in Berlin-Mitte by Austrian SIGNA Group. The property was sold by Tristan Capital Partners.

The parties have agreed not to disclose the purchase price and financing volume.

Schicklerhaus is a landmark building from 1910, located just north of the river Spree in the historic city centre of Berlin-Mitte, Berlin’s most dynamic office sub-market. It benefits from excellent public transport links with the over- and underground station Jannowitzbrücke within approximately 200m walking distance. It is only a few hundred meters away from the iconic Alexanderplatz.

Natixis is a subsidiary of Natixis S.A., the international corporate, asset management, insurance and financial services arm of Groupe BPCE, the 2nd-largest banking group in France. Natixis Pfandbriefbank AG issues Mortgage Pfandbriefe to refinance its commercial real estate loan business.

The Ashurst team was led by finance partner Derk Opitz (picture). Partner Dr Martin Bünning advised on tax, partner Dr Hendrik Theismann on real estate law, assisted by associates Annabelle Sachs, Emilie Veyran-Müller and André Schaumburg (all finance), Carina Park (tax) and senior associate Michael Mehler (real estate).

Tristan Capital Partners was advised on Schicklerhaus transaction by Cushman & Wakefield, Clifford Chance, PWC and GFP.

Involved fees earner: Derk Opitz – Ashurst; Annabelle Sachs – Ashurst; Emilie Veyran-Müller – Ashurst; André Schaumburg – Ashurst;

Law Firms: Ashurst;

Clients: Natixis Pfandbriefbank AG ;