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Topic: General News - Publication: Thomas Daily

Zehlendorfer Welle aquired for 70 million Euro

Zehlendorfer Welle image 1
Zehlendorfer Welle image 2
  • Zehlendorfer Welle image 1
  • Zehlendorfer Welle image 2

Arab Investments Ltd, London, has acquired it’s first German fund, the Berlin City Centre Zehlendorfer Welle for 70 million euro. OFB Projektentwicklung GmbH was the seller. Helaba Landesbank Hessen acted as financing partner. The property has a size of about 23,000 square metres and consists of 6,000 square metres retail space (26%), a fitness and a medical centre. The underground car park offers 360 parking spaces. The main tenants of the property in the Clayallee 330 are C & A, Saturn and Fitness First, a chain of fitness centres. Savills acted as broker for the transaction. Arab Investments has structured Sharia conforming funds for investors from the Middle East and has not only worked in the UK but also in Germany since 2006.