Patrizia buys Treptower in Berlin

Patrizia Deutschland successfully completed the acquisition of the Treptower high-rise building from ARB Investment Partners at the end of 2019. The 125 m office tower dating from 1998 remains the highest office building in Berlin. It consists of 32 storeys and encompasses almost 26,000 m² of lettable space. The transaction also included the “Molecule Men” artwork and came following Patrizia’s acquisition of the neighbouring 12,000 m² office building on Martin-Hoffman-Straße at the beginning of 2019.

SteadWay supported Patrizia on both transactions with Technical Due Diligence (TDD) services, including an assessment of expected maintenance costs as part of a future capital expenditure projection.