Savills IM buys office complex Nubis in Berlin-Adlershof
Savills IM is acquiring the new office building Nubis in the Adlershof technology park in Berlin for the “European Commercial Fund”. The seller is Project Immobilien Gewerbe AG. The office ensemble consists of three multi-tenant buildings totaling about 17,200 sqm lettable space. The first building is finished and already occupied; the other two are to be completed during the first half of 2019. Long-term leases have been signed for over 90 % of the space. Main users include VBU Verkehrsbau Union Berlin GmbH (Eurovia) and Techem. The property is located directly adjacent to the Berlin-Adlershof suburban rail station (Franz-Ehrlich-Straße). The buyer was legally advised on this asset deal by Taylor Wessing and received technical support from CBRE Preuss Valteq. The investment volume was quoted at about €46mn at the start of construction.
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