CBRE Global Investors acquires mixed-use scheme in Berlin

CBRE Global Investors has acquired, on behalf of a pan-European fund, Bricks Berlin in the Schöneberg district. Investment and project development company Trockland is the seller.

The modern mixed-use scheme consists of office, residential and retail space, combining work, living and play. The scheme comprises a total of eight buildings, of which six were extensively renovated in recent years and converted into modern commercial space.

The other two recently developed buildings offer 127 rental apartment units that are architecturally based on the brick façades of the historic building. The total rental area amounts to almost 26,000 square meters (280,000 square feet), of which 18,000 square meters (194,000 square feet) are commercial space, with an office share of more than 70 percent, and 8,000 square meters (86,000 square feet) are rental apartments. There are several courtyards, essential retail (post office and supermarket) as well as fitness facilities, such