Meyer Bergman buys two properties in Berlin and Hamburg

03/06/2019

Meyer Bergman has acquired two assets in Berlin and Hamburg for its closed European Retail Partners III fund. The property in Berlin is a former power substation dating from the 1920s in Neukölln. It will offer 1,800 sqm loft office space. A four-story office complex with 2.600 sqm lettable space will be developed on the neighboring lot. A preliminary building permit has been issued. Meyer Bergman was advised on this transaction by Cityjung Real Estate; IKB provided financing. In Hamburg, the investment manager acquired a 7,400 sqm property on Schulterblatt. The five-story building has retail space on the ground floor and offices in the upper floors. It is currently completely leased to companies like Weekday, Vodafone, and Granit.


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