A partnership between Signature Capital and PGIM Real Estate has acquired the Arrow Portfolio in Berlin from Patrizia AG as a share deal.
The portfolio comprises four office properties in Berlin’s central districts of Mitte and Kreuzberg, with a total area of circa 32,000 square meters (344,000 square feet), as well as an additional fully permitted development of circa 8,500 square meters (91,000 square feet).
“We are delighted to have made another successful acquisition in the exciting Berlin market,” said Enda Woods, co-founder of Signature Capital. “The properties are an ideal addition to our existing portfolio and offer an attractive value-add opportunity. The continuing tenant demand and shortage of space in the Berlin office space market reinforces our current ac
