HighBrook Investors has acquired two office properties in Berlin Mitte.
Littenstrasse 109 is a monumental office building that was constructed in the early 20th century with 10,000 square meters (108,000 square feet) of floor space, which HighBrook acquired in a joint venture with an affiliate of the BATO Group, a Berlin-based investment and asset management company. Alt-Moabit 72, a loft office property, is located in the Moabit district with 4,000 square meters (43,000 square feet) of floor space. HighBrook acquired both assets through off-market transactions.
HighBrook acquired a total of four properties worth €200 million ($223 million) in Berlin in 2019. These office properties, all with value-add potential, were acquired on behalf of HighBrook’s third fund, HighBrook Property Fund III. The fund invests primarily in commercial use properties, with a focus on office, and is currently most active in Amsterdam and Berlin. Overall, the fund pursues a value-add s
