Real estate fund manager AEW has acquired a mixed-use high street asset in Germany鈥檚 capital.
The manager has invested an undisclosed amount to acquire Schlossstra脽e 95, a fully-let six-storey retail and office asset in Berlin.
Antoine Barbier, head of AEW Patrimoine, said: 鈥淕ermany is one of AEW鈥檚 core investment markets in Europe and, according to our research, Berlin high street retail is ranked highly and classified as attractive on a pan-European assessment of relative value.
鈥淲e鈥檙e delighted to have been able to secure this new acquisition mixing retail and office in one of the most attractive areas of Berlin, allowing us to provide our investors with an even larger portfolio of selected German assets for their long-term real estate investments.鈥�
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