GARBE science & technology real estate fund buys The Lab in Berlin

GARBE Institutional Capital has acquired The Lab in Berlin for the GARBE Science and Technology Real Estate Fund 1 (GARBE STREF#1).

The fund was launched together with the capital management company (KVG) INTREAL and is structured as a club deal of institutional investors. Through this asset acquisition, GARBE Institutional Capital has secured for its fund investors a property under long-term lease to a tenant with a strong credit rating in the Adlershof Technology Park, an established innovation cluster in the southeast of Berlin. The site offers further development potential. The acquisition has been arranged as a sale and lease back transaction. Mellum Capital structured the transaction as financial advisor and served as the liaison for the buyer to the local savings bank Berliner Sparkasse, which acts as the local debt capital provider.

The Lab is a complex located on a 21,200-square-meter (218,194-square-foot) parcel in the Treptow-Köpenick district of Berlin (Wa