Colonial SFL and Generali Real Estate have announced the signing of a joint venture agreement, under which Colonial SFL has acquired a 51 percent stake in the vehicle owning a portfolio of two super-prime assets in Berlin’s central business district: LindenCorso on Unter den Linden and Atrium on Friedrichstrasse.
The assets were previously part of a fund in which local Generali companies had invested. As part of the strategic partnership, Generali will retain a 49 percent stake in the vehicle and remain the long-term operating partner in Germany for the portfolio. The gross asset value of the portfolio is approximately €300 million ($352.8 million). The transaction remains subject to merger clearance.
For Colonial SFL, the investment is aligned with its strategy of selectively expanding across Europe’s leading gateway cities, targeting high-quality assets in central locations with strong fundamentals, income visibility and embedded growth potential. It also enhan
