Oxford Properties, the global real estate arm of the Ontario Municipal Employees Retirement System, and Madison International Realty are planning to acquire the Sony Center in Berlin for approximately €1.1 billion ($1.29 billion) from NPS Korea. The acquisition marks Oxford’s entry into the Berlin market and an extension of its existing global relationship with Madison.
The Sony Center is a mixed-use complex located on Potsdamer Platz, in the heart of Berlin’s Mitte district. It spans nearly six acres and comprises eight individual buildings, including the iconic Bahn Tower. Major office occupiers include Deutsche Bahn, Facebook, Sanofi, Sony, the State of Berlin and WeWork, while retail occupiers include LegoLand, IMAX and Cinestar.
Following the recently announced €500 million ($587 million) acquisition of Window in La Defense, Paris, this first transaction in Berlin brings Ox
