Berlin: Luwin takes over 253 apartments from Baywobau and Investa
A joint venture of Investa Real Estate and Baywobau has sold a new construction project with 253 rental apartments in Berlin-Schmargendorf to Luwin Real Estate Managers. The project with 18,200 sqm rental space is part of the “Maximilians-Quartier”. The units are to be ready for occupation and handed over to Luwin by mid-2022. The forward deal was for a German pension fund. The buyer was advised by Hogan Lovells and TA Europe, the seller by BNP Paribas Real Estate and Pöllath + Partners.
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