Cresco buys event location “Station-Berlin”
Cresco Capital has acquired the event location “Station-Berlin” and its operator. The property is a landmarked real estate ensemble on Luckenwalder Straße 4-6 in Kreuzberg consisting of eleven historic halls and new structures totaling about 26,400 sqm above-ground GFA. The location will continue to be used in the coming years for conferences, exhibitions, trade shows, galas, training and other events, Cresco states. The seller is Station Grundbesitz GmbH, which is made up of a group of private investors. Cresco was advised by GSK and EY. The purchase was reportedly financed via a separate account mandate with family offices. The seller was advised by Cushman & Wakefield.
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