
German Property Portfolio
LOCATION
ASSET DESCRIPTION
Three commercial properties in Germany, located in central areas of Frankfurt, Berlin, and Cologne, were acquired between 2006 and 2008.
The first property was an office building in Berlin’s Oranienburger Strasse, a historic street north of the River Spree. It had seven floors and 75,000 square feet and was sold in 2012.
A second 14,000-square-foot property in Frankfurt’s Gross Bockenheimer Strasse, the city’s culinary main street, comprised three units. It was sold in 2010.
The third property was a 26,000-square-foot modern office building in Cologne, the fourth largest city in Germany. It is known for its history, Gothic architecture, and nightlife. The building was built in 2001 and sold in 2020.
The properties represent total completed transactions of $60 million, which were executed by related holding companies that have since been consolidated into Sparta Properties.