PATRIZIA buys Berlin office building from Real Capital Holding

PATRIZIA has acquired an office building in central Berlin, from Real Capital Holding, an investment manager focused on real estate investments in Germany.

The property provides 13,300 square meters (143,160 square feet) of space. The property consists of a 6,800-square-meter (73,194-square-foot) historic loft building with high ceilings, constructed in 1900, in the backyard and a prefabricated eight-story building in the front, which was built in 1988.

The property is located on Neue Jakobstraße in the Berlin-Mitte district between Alexanderplatz and Kreuzberg. The micro location has good local amenities with a number of shops, restaurants, government buildings and historic sites nearby, as well as several recently developed high-end residential buildings. The property also benefits from excellent transport links with three U-Bahn stations and one S Bahn station less than a 10-minute walk away.

“This was a great opportunity to acquire a good-quality, well-co