• Purchase of three office buildings in Germany:
    • Hansastrasse, Dortmund, 19,000 m2 (Sold)
    • Silberstrasse, Dortmund, 4,200 m2 (Sold)
    • Bismarckstrasse, Berlin, 3,300 m2 (under contract)


  • Mixed strategy, including:
    • Lease up vacant space
    • Significant refurbishment
    • Wait for market recovery in Berlin
    • Sell buildings individually


    • View Investment Memo

 
  • Purchase 11,119 m2 department store leased to Karstadt (Karstadt vacated the space mid 2007)
  • Purchase of neighbouring 2,800 m2 office building
  • Strategy includes:
    • Redevelopment and sale of office space
    • Refurbishment and relet retail space



 
  • Purchase of 20,000 sqm monumental building in prime retail location in the centre of Leipzig. The Investment Strategy will involve a redevelopment of the assets into a mixed use building, of which the majority of the rental income will come from prime retail space on the ground floor. The building was purchased for only slightly above land value, allowing us to fully leverage the redevelopment potential.


  • View Investment Memo


  • Leipzig Retail Refurbishment in Progress!
    October 2008


  • Handleshof Refurbishment Photos
    August 2008
    January 2008



 
 
  • Purchase of a mixed used office and retail building located directly on the prestigious Kurfürstendamm Nr 67, between Olivaer Platz and Adenauer Platz, with 604 sqm retail space on the ground floor and 3,973 sqm office space on 7 upper floors.
  • The strategy is to refurbish and relet the 330sqm vacant office space and to incentivize the main tenants to stay in the building to create a stable, income generating asset in a prime location. A light refurbishment is envisaged for space which will become vacant.


  • View Investment Memo

 
  • Purchase of a mixed used office and retail building located on the corner of Frankfurterstrasse and Robert Boschstrasse in Dreieich, near Frankfurt. In total ca 17,000 sqm of rentable space: retail and fitness on the ground floor and office space on 6 upper floors. The strategy is to refurbish and relet the vacant office space and to incentivize the main tenants to stay in the building to create a stable, income generating asset in a good secondary location.


  • View Investment Memo


  • Patron Makes Another Investment in Germany