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30 December 20213 minute read

DLA Piper advises Schroder Real Estate on the sale of the "Victoriastadt Lofts" in Berlin to Signa

DLA Piper has advised Schroder Real Estate on the sale of the "Victoriastadt Lofts" at Berlin's Ostkreuz. The buyer of the property is the Austrian Signa Holding GmbH. The sale of the "Victoriastadt Lofts" is one of this year's largest real estate transactions in Berlin. Schroder Real Estate acquired the property in 2016 for a purchase price of around 130 million euros for a Swiss insurance company and a Finnish pension fund. DLA Piper also provided legal advice to Schroder Real Estate on the purchase of the property.

The office building comprises more than 68,500 square meters of office and warehouse space and is located in the Friedrichshain district near Ostbahnhof station. The key tenant of around 50 percent of the space has been Deutsche Rentenversicherung for many years.

The DLA Piper team was led by partner Fabian Mühlen (Real Estate, Frankfurt) and comprised of partners Dr Cornelius Frie (Corporate, Cologne), Dr Torsten Pokropp (Finance) and Dr Marie-Theres Rämer (Tax, all Frankfurt), counsel Timo Betjemann (Corporate, Cologne), senior associates Dr Philipp Reclam (Frankfurt) and Moritz Mursa as well as associate Dr Leonard von Bargen (all Real Estate, both Cologne). In addition, partner Dr Oskar Winkler and counsel Alexander Schultmeyer (both Finance & Projects) from Vienna as well as counsel Céline Pignon and associate Gertjan Dewilde (both Corporate) from Luxembourg were involved.