PATRIZIA Immobilien AG, a global partner for pan-European real estate investment, has completed the sale of a central Berlin office asset, Grenander Haus, to Westbrook Partners.
Grenander Haus, which totals 8,400 square meters (90,400 square feet) across seven floors, is located adjacent to Alexanderplatz in Berlin’s Mitte district. The iconic, listed building was originally completed in 1930 as an administrative center for the Berlin public transport services, having been designed by renowned Swedish architect Alfred Grenander, who is most famous for building around 70 of the city’s underground train stations.
Since acquiring the asset, PATRIZIA has invested significantly in improving the building’s infrastructure and installations. Key tenants include the German Aerospace Center (DLR) and several food and beverage outlets including Coffee Fellows.
Daniel Dreyer, head of transactions Germany at PATRIZIA, commented, “We acquired Grenander Haus because it
