Developed and completed by CA Immo in 2013, the IntercityHotel Berlin Hauptbahnhof was the first hotel in Germany to to be awarded a platinum certificate by the German Sustainable Building Council (DGNB). The c.23,400 sqm asset, located on Katharina-Paulus-Strasse in Berlin’s Europacity near the German capital’s main railway terminus, also offers 10 conference rooms and 374 sqm of retail/ office space on the ground floor. The asset is fully leased to IntercityHotel GmbH, a subsidiary of Steigenberger Hotels GmbH. 

The acquisition is the second European hotel acquired on behalf of this German separate client mandate. Overall, the account now has 15 assets in a well-diversified pan-European portfolio across office, retail, hotel, and residential sectors in 10 countries, with assets under management now close to EUR1 billion. 

Invesco Real Estate has an 18-year track record allocating over EUR2 billion of equity into the hotels sector, currently managing 26 different hotel investments across seven countries and 16 different brands. The team has continued to create long-term value via an active asset management strategy, working with leading sector hospitality partners and focusing on prime hotels in European gateway cities. 

Tina Kroll, Director, Co-Head of Transactions Germany, Austria & The Netherlands, Invesco Real Estate at Invesco Real Estate, said: “Berlin is exhibiting a healthy rebound in tourism flows and we see excellent long-term demand for prime assets such as this market-leading hotel in the centre of the German capital. We are committed to identifying and investing in high-quality assets that meet our stringent criteria and fulfil our clients’ requirements.” 

Roman Robakowski, Director, Fund Management, Invesco Real Estate, said: “This latest acquisition showcases both the deep relationship we have with this German separate account client and the tremendous capabilities Invesco Real Estate is able to deliver for clients looking to build a bespoke real estate investment portfolio. We are exceptionally proud to add the IntercityHotel Berlin Hauptbahnhof to this portfolio; the asset will complement the sector and country allocation and provides a strong income return for our client. “ 

You can now read the full press release at the link below