Redevco has acquired Berlin’s landmark Karstadt department store on Wilmersdorfer Strasse on behalf of investor clients. The seller was a fund advised by Meyer Bergman. The price of the deal was not disclosed. The property, situated in Berlin’s affluent Charlottenburg district, offers more than 22,000 sqm of leasable space, including 16,826 sqm of retail. Savills and Hogan Lovells acted as advisors.
