CBRE Investment Management acquires 142 housing units in central Berlin

CBRE Investment Management has acquired 142 housing units with a combined GLA of around 10,910 square meters (117,434 square feet) in Berlin’s central Mitte district on behalf of an international mandate. Located in five separate buildings, the apartments are part of the Mittenmang urban quarter, which was completed three years ago. The seller is Lakeward Real Estate AG, an international real estate private equity investment firm based in Switzerland.

The property in Klara-Franke-Strasse also includes an 80-square-meter (861-square-foot) office and 70 parking spaces. Almost half of the apartments are between 40 square meters and 60 square meters (430 square feet and 645 square feet), and a third of the apartments are particularly attractive for families, with a size of between 90 square meters and 108 square meters (969 square feet and 1,163 square feet). The variety of individual floor plans offer living space to different target groups, from single and two-person househol