Apellas Asset Management GmbH has sold an office building in Berlin to EB Immobilienmanagement GmbH

Apellas Asset Management GmbH has sold an office building in central Berlin with a usable area of about 10,000 m² to EB Immobilienmanagement GmbH. Financial details have not been disclosed.

The office building, with a usable area of about 10.000 m², is located at Axel-Springer-Straße 54a-b, 10117 Berlin-Mitte.

EB Immobilienmanagement GmbH was founded in 2002 by Enver Büyükarslan. The group manages more than 100 residential and business houses and more than 3,000 housing and business units.

Apellas Asset Management GmbH is based in Berlin and invests in office buildings in selected German cities, developing retail properties in top locations throughout the country.

Oaklins' team in Germany advised the seller in this transaction.