Savills Investment Management (Savills IM), the international real estate investment manager, has advised on the acquisition of a newly constructed office and commercial building at Kurfürstendamm 12 in Berlin for Versicherungskammer. The seller is the RFR-Group, which acquired the asset in 2021.
The prestigious new building in Berlin's premium location comprises more than 6.500 sqm of rental space across six floors and achieved DGNB Platinum certification. The building was part of the historic Gloria ensemble, a former neo-baroque cinema hall. In 2018, this was demolished and a new three-part building ensemble was constructed.
The property at Kurfürstendamm 12 is fully let on a long-term basis to the communications provider Vodafone, the fashion group Mango, the law firm YPOG and the automobile brand "Wey" from the manufacturer Great Wall Motor. Being in close proximity with Kurfürstendamm underground station and Zoologischer Garten station, the office and commercial building has excellent connections to Berlin’s public transport network.
Source: press release, 5 October 2022