• Colonial SFL and a fund held by Generali Real Estate investors have entered into a joint venture agreement, with Colonial SFL acquiring a 51% stake in the vehicle owning a portfolio of two super-prime assets in the Berlin Central Business District – ‘LindenCorso’ on Unter den Linden and ‘Atrium’ on Friedrichstrasse – and Generali retaining a 49% stake in the same vehicle.
• LindenCorso and Atrium were previously part of the fund invested by local Generali companies.
• The gross asset value of the portfolio is approximately €300m (100%) with a total GLA of 42,000 sqm.
• These two super-prime assets have an urban mixed-use profile (majority office) with high-quality income, an occupancy above 90% and strong top-tier tenants.
• Both investors have an active asset management strategy aiming at capturing growth potential in cash flow and value.
• With this co-investment, Colonial SFL continues to deliver on its capital recycling strategy leveraging on its track record on urban transformation & internationalization, while benefiting from Generali Real Estate’s experience in Germany as a prestigious European real estate Institutional Investor and Asset Manager.

You can now read the press release at the link below