GEG German Estate Group AG has acquired two properties on Berlin's landmark “Alexanderplatz” square from Tishman Speyer. The historical high-rise “Pressehaus” building and the flat-roofed “Pressecafé” building, both redesigned and completely revitalized, are comprising a total rental space of more than 25,000 sqm. In 2021 they will be complemented by the new building “New Podium” with 10,300 sqm spread across 6 upper floors. The total investment of the transaction amounts to approximately EUR 365 million.
Hengeler Mueller advised GEG on the transaction. The team included partners Daniel Kress (M&A/Real Estate) and Jan D. Bonhage (Public Law) as well as associates Erasmus Hoffmann (Public Law), Tobias Schilling, Sebastian Bauer and Fabian Henneberg (all M&A/Real Estate) (all Berlin).
