CLIENT
-
Barings
CLIENT INDUSTRY
-
Real Estate Fund Management
SERVICES PROVIDED
-
Advised vendor
LOCATION
- Berlin
SIZE/VALUE
- €222m
- 19,400 sq m
DIVISIONS INVOLVED
- Investment Advisory, Savills Germany
- Office Agency, Berlin
- RIA EMEA
DATE
- 2020
CHALLENGE
Enabling the seller to exploit the upside potential of the building (WALT of 1.5 years and an underrent of over 100%) without implementing the necessary lease up and construction work.
SOLUTION
Close cooperation with the office agency team to illustrate the strong Berlin leasing market and consequently pointing out minimal leasing risk. Giving the seller confidence in the development of the market.
RESULTS
Optimistic leasing expectations of the buyer lead to a purchase price exceeding the communicated best case scenario.