Dubai Multi Family Offices Sells €160M Office Building In Berlin

Tilad, a Dubai-based multi family office focused on real estate investments, sold the “Atrium Charlottenburg” for €160M to Hines. We give background details on the transaction.

Office building in Berlin-Charlottenburg

The “Atrium Charlottenburg” is an office building in Berlin with 40,000 sqm lettable area. The property is located in Western-Berlin, close to the train station Berlin-Willmersdorf. Tenants include the city of Berlin, a job center and the “Fraunhofer Institut”. The building which was completed in 1995 is fully let.

Dubai-based Multi Family Office sells to real estate investment firm Hines

In 2014, Société Général Immobel sold the object to the Dubai-based multi family office Tilad. Tilad is investing directly in real estate across North Amerika, UK and continental Europe. Besides that, Tilad is also actively investing in externally managed real estate and private equity funds (buyout, growth, venture capital, opportunistic). Now, the “Atrium Charlottenburg” was aquired by the “Hines European Value Fund”. For the HEV fund it is the first office transaction in Berlin, and the seventh in total since its inception in 2017.

Sources
Immobilienmanager, 8.11.2019

Adam Vradenburg via Unsplash

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