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Cases & Deals

November 11, 2016

King & Spalding Advises on Real Estate Double in Berlin

FRANKFURT, Nov. 11, 2016 – King & Spalding has acted for two leading international real estate investors – Tishman Speyer and Barings Real Estate Advisers – on separate deals involving the acquisition of prime real estate assets in the German capital of Berlin.

Tishman Speyer purchased the Pressehaus on Berlin's Alexanderplatz from the Value-add Fonds European Real Estate Ventures VII. The vendor of the building, which has a total renting space of 27,500 square metres, is the media company Bertelsmann.

Barings Real Estate Advisers, meanwhile, purchased the 10,000-square metre Berliner Volksbank base at Budapester Strasse 35 from a real estate fund.

King & Spalding’s Frankfurt real estate team represented Tishman Speyer and Barings Real Estate Advisers on the respective deals. Frankfurt Office Manager Partner Mario Leissner led the teams on both transactions, with assistance from partners Andreas Böhme and Axel Schilder, counsel Henning Aufderhaar and associates Michael Debesay, Jana Schneider and Cüneyt Andac.

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