BNP Paribas Real Estate Investment Management (BNP Paribas REIM) has acquired an office complex in Vienna and the Franklinhaus office building in Berlin on behalf of the Next Estate Income Fund III.
Both transactions were brokered as off-market deals. Financial details were not disclosed.
The Berlin property, Franklinhaus, was completed in autumn 2021 and encompasses roughly 11,500 m2 in total rental area.
It is composed of seven floors plus an underground parking offering 62 spaces for cars and 88 spaces for bicycles. The upper levels of the building can house up to four rental units each and offer flexible offices plus loggias and rooftop terraces.
Franklinhaus is certified LEED Gold and is fully let to multiple tenants. Situated in Franklinstraße 26 a/b in Berlin’s Charlottenburg district, it was sold by Consus Real Estate, a subsidiary of the Adler Group. In this transaction, Linklaters acted as legal advisor to the buyer.
Dorothea Koestler, fund manager at BNP Paribas REIM: 'We are happy with this new acquisition which fits perfectly into the NEIF III fund’s strategy and helps strengthen its portfolio by adding a recent, fully-let asset, located in one of the main city in the Eurozone.
Source: propertyeu.info on the 26th April