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Access here alternative investment news about Ardian European Real Estate Fund Adds Fourth German Asset To Portfolio | News | Ipe Ra
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Ardian European Real Estate Fund Adds Fourth German Asset To Portfolio | News | Ipe Ra

by realassets.ipe.com posted 4months ago 79 views
AREEF and co-investor bought Lützowstrasse 105/106 office from JP Morgan fund. : The Ardian Real Estate Europe Fund (AREEF), together with a co-investor, has bought an office complex at Lützowstrasse 105/106 in Berlin from a fund managed by JP Morgan Asset Management. Built in 1974, the complex was last renovated in 2000. The manager said it will further modernise the office complex extensively by the end of 2019. The complex has 30,000sqm of rental space and consists of a main building with six floors, an eleven-story tower and a car park with more than 200 parking spaces. The building is 87% let.