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Transactions - NOVEMBER 17, 2017

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Adler acquires €385m Berlin mixed-use project

by Andrea Waitrovich

Adler Real Estate AG has paid €385 million ($454 million) for a mixed-use project in Berlin.

The mixed-use project, “Water City Center,” is currently under construction. It comprises 700 residential units with 470,000 square feet of living space, and an additional 55,000 square feet of office and retail space.

First construction measures have already been implemented. Completion of this project is expected by year-end 2019.

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