BVK Acquires 4 Offices in Germany

Posted on 05/04/2021


Bayerische Versorgungskammer (BVK) through Quest Funds and Universal-Investment acquired four office properties located in Berlin, Hamburg, Frankfurt, and Munich. The 25,000 square meter office portfolio called “Urban Office RE” will be part of a fund managed by Universal-Investment. The properties were acquired by the Quest Group in recent years and specifically developed to reach portfolio quality. The seller is Quest Group.

Quest Funds acts as investment and asset manager of the portfolio.

Office Assets
P88
8,400 square meters
Built in 1965.
Potsdamer Straße 88, Berlin, Germany

Hotel Hohenzollern Office
Built in 1910.
Frankfurt, Germany

Neuer Wall 54
Neuer Wall 54, Hamburg, Germany

Fritz
Built in 1973.
Schillerstraße 23a, Ludwigsvorstadt district, Munich, Germany

Advisors

The buyer received legal advice from Pinsent Masons and commercial advice from EY Real Estate.

Hansa Partner Rommel & Meyer acted as tax and Jebens Mensching and Capstone Legal as legal advisers for the seller.

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