UK-based Patron Capital Partners has sold a representative office building in Berlin to Schroder Property. Financial details have not been disclosed.
The office building is located in the eastern city center of Berlin with a usable area of approximately 16,000 sqm.
As a global asset management company, Schroder Property manages US$430 billion on behalf of institutional and retail investors, financial institutions and high net worth clients from around the world, investing in a broad range of asset classes across equities, fixed income, multi-asset and alternatives.
Established in 1999, Patron Capital Partners has evolved into one of the leading opportunistic real estate managers in Europe. The company represents approximately US$3 billion of capital across several funds and related co-investments.
Oaklins' team in Germany advised the seller throughout the whole transaction process.
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