Valad Europe has sold Thiemann Quartier located at Thiemannstraße in Berlin Neukölln to Concarus Real Estate Invest. The deal was worth €46.75m. Thiemann Quartier offers 53,000 sqm of leasable area across 15 buildings comprising office, retail, leisure and warehouse space. Tenants include MSA Auer and the Berlin Tax Authority.
“Our strategy was to complete a significant amount of asset management activity at Thiemann Quartier prior to marketing this asset for sale, which included lease extensions of the two anchor tenants and agreeing a long term lease with a new tenant. As a result, the complex is almost fully let, with the majority of occupiers on long term leases up to ten years,” said Andreas Hardt, Valad Europe’s Head of Germany.
