Union Investment buys 7,300 sqm of office space in Potsdam
Union Investment is acquiring a 7,300 sqm office building located north of Potsdam’s main rail station. The 1997 building is located on the site of a former barracks and has been leased long-term to a municipal company. The property will be modernized by the end of this year, after which it be placed in the open-ended real estate Spezialfonds “DIFA-Fonds Nr. 3”. The transition is planned for early 2020. Union Investment was advised in legal matters by Norton Rose Fulbright and in technical matters by Kaiser Baucontrol. The property has 207 parking spaces, 143 of which are located in an underground lot. The parties involved have declined to disclose the address and the seller’s name; however, TD’s investigation has revealed this to be Behlertstraße 3a. The seller would then be the Becken Group in Hamburg, which had acquired the house in early 2018.
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