La Française Real Estate Partners International acquires a prime office asset in Berlin
La Française Real Estate Partners International has acquired, on behalf of a La Française collective real estate investment vehicle, a prime office building located, at Mühlenstrasse 25, in the aspiring and vibrant district of “Mediaspree” in the eastern part of Berlin.
Mediaspree is among the largest development projects in Berlin and runs along the Spree River. Given its prominent location, the area has attracted a number of companies from the fashion, IT, communications and media industries.
The building, named M-Eins, offers ca. 13.300 m2 of lettable office space and a spectacular view from a 400 m2 rooftop terrace. The building was completed in Q2 2017 and a DGNB Gold certification is envisaged. Each floor of the seven-story building could be divided into three lettable areas. The asset is 100% leased, under a long-term lease, to a single tenant, Zalando. Zalando, founded in 2008, is Europe’s leading on-line fashion platform. The property benefits from its ideal location, close to public transportation (Warschauer Strasse and Ostbahnhof train stations). The modern office building was delivered jointly by OVG Real Estate GmbH and LBBW Immobilien.
Jens Goettler, Managing Director for Germany, La Française Real Estate Partners International, said: “M-Eins is a wonderful addition to our portfolio which now counts 19 German assets. The cooperation with all parties involved worked very well and we are looking forward to a long-term collaboration with Zalando.”
1This is an example of an investment held within the portfolio. It is not indicative of future investments and does not fully reflect the composition of the funds.
The real estate activities of La Française have been united under the brand La Française Global Real Estate Investment Managers (GREIM). This umbrella brand covers La Française REM, La Française Real Estate Partners and La Française Real Estate Partners International.
La Française REM is the French leader in collective real estate investments in terms of capitalisation (as at 31/12/2016, IEIF). A specialist in third-party investment and asset management, it is present across all French real estate markets. It has also developed a platform for real estate mandates, offering dedicated solutions for institutional investors with investment strategies ranging from Core/Core+ to Value Added and Opportunistic within the La Française Real Estate Partners structure.
La Française Real Estate Partners International provides a complete investment management service in both direct and indirect real estate investments for a wide range of international clients across continental Europe, the UK and Asia. It operates from offices in London and Frankfurt (and recently opened an office in Seoul). The platform is a recognized specialist in core and core-plus real estate investment strategies throughout Europe.
La Française GREIM has over €15bn in assets under management (as at 30/06/2017) and offers a complete range of tailored real estate solutions to investors across the globe.
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About La Française Group
For forty years, La Française has been developing core competencies in third party asset management.
La Française has a multi-expertise business model organized around four core activities: securities, real estate, investment solutions and direct financing. The group caters to institutional and private clients throughout the world.
With 639 professionals and offices in Paris, Frankfurt, Geneva, Hamburg, Stamford (CT, USA), Hong Kong, London, Luxembourg, Madrid, Milan, Seoul and Singapore, La Française manages €65.8bn in assets (as at 01/01/2019).
La Française is a forward-looking responsible investor and as such, incorporates tomorrow’s challenges into today’s investment strategy.
La Française is owned by Credit Mutuel Nord Europe (“CMNE”), a banking and insurance group present in Northern France and Belgium.