Zaphir Asset Management has sold an office and commercial complex in Berlin to Dream Global REIT. Financial details have not been disclosed.
Zimmerstraße 56 / Schützenstraße 15-17 is a modern office building and commercial complex with 15,740 m² located at the legendary Checkpoint Charlie, in Berlin's former newspaper, now media, district in Berlin-Mitte.
Dream Global REIT is an unincorporated, open-ended real estate investment trust that provides the opportunity to invest in commercial real estate outside of Canada.
Zaphir Asset Management is a private real estate investment and asset management firm part of the Aguirre Newman Group (leading real estate consultancy firm in Spain created in 1988) with more than US$700 million under management.
Oaklins' team in Germany advised the seller on the whole transaction process. This included structuring the asset deal, providing a complete analysis of the real estate market and its characteristics, approaching national and international potential investors, and negotiating the sale contracts.
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