Berlin: Westbrook buys historic office building in Mitte from Bayer
Westbrook Partners has purchased the office property Gerichtstraße 27 in Berlin-Mitte with 13,300 sqm lettable space. Seller of the landmarked structure built between 1910 and 1912 is a subsidiary of pharmaceuticals corporation Bayer. Tenants include Bayer themselves and IB Medical Academy Berlin. Westbrook intends to modernize the property and redesign the entrances and inner courtyard. Westbrook was supported on the transaction by Celexis as a local partner, Ernst & Young, Brand Berger and commercial law firm GSK Stockmann. Angermann Berlin brokered the deal for Bayer AG. Celexis has been mandated to coordinate the leases.
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