London/Frankfurt, 11 July 2016. Blackstone Real Estate Partners Europe IV (“Blackstone”) and Quantum Capital GmbH & Co. KG (“Quantum“) have agreed to acquire from Deutsche Office AG An den Treptowers 3 (“Treptowers”), a high-quality 90,000 sqm office building in Mediaspree, a fast growing sub-market in Berlin.
Treptowers, originally developed in 1998, is currently fully occupied by Allianz.
Blackstone and Quantum shall oversee the management of the property.
Anthony Myers, Head of European Real Estate at Blackstone, said: “We are delighted to make another investment in Berlin. Treptowers will form an integral part of our German office portfolio which focuses on high-quality assets in prime locations across Germany’s largest cities."
Blackstone's current portfolio comprises almost 300,000 square meters and includes assets in Frankfurt, Hamburg, Munich, and Dusseldorf.
The buyers’ consortium has been advised by CBRE, Clifford Chance and PwC.
About Blackstone Real Estate
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has over $100 billion in investor capital under management. Blackstone’s real estate portfolio includes hotel, office, retail, industrial and residential properties in the US, Europe, Asia and Latin America. Major holdings include Hilton Worldwide, Invitation Homes (single family homes), Logicor (pan-European logistics), SCP (Chinese shopping malls), and prime office buildings in the world’s major cities.
Quantum Immobilien AG is a development and investment management firm founded in 1999. The company is headquartered in Hamburg with offices in Frankfurt, Dusseldorf and Munich. Currently the Investment Division of Quantum manages c. €4 billion of real estate assets for institutional investors. Quantum Capital GmbH & Co. KG is an alternative investment manager, specialized in complex and large scale transactions combining real estate with structuring expertise.
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