Peakside Capital 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.
You must be logged in to view premium stories.
Take out a print and online or online only subscription and you will get immediate access to:
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