Patrizia purchases Berlin's Forum for €100m

PATRIZIA_Berlin_Landsberger Allee low res

Peakside Capita has sold its Berlin-based mixed-use asset The Forum Landsberger Allee to Patrizia Immobilien for €100m (£88m).

The Forum Landsberger Allee was built in 1996 and underwent further expansion in 2015 under Peakside’s ownership, increasing the WALT from 5.5 to 10 years. Offering more than 377,000 sq ft of lettable space, the building is almost fully let to tenants including major German retail brands such as Rewe and the drugstore chain dm. It also contains the 870 bed Generator Hostel and a 155 room Park Plaza hotel.

This is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now