Tlg Immobilien has acquired an office property at Kapweg 3-5, Berlin. The company is investing around €32.1m in the transaction. The office property was built in 1997 and features seven floors with a total lettable area of around 18,200 sqm. The space can be partitioned to create single offices or an open space offices. The current occupancy rate is around 40 percent as the seller initially planned to convert the property and stopped making new lease offers. The property features underground parking for 182 cars. The transaction was brokered by Colliers International.
