SOLD! - Core Plus in the Westend - We did it again.

Dr. Joachim von Rheinbaben

Market News
24 Jul 2017

The Westend Carree lies in the extremely popular Westend submarket and offers a total lettable area of over 30,000 sqm. This landmark building was built on Grüneburgweg in the late 1980s / early 1990s and was repositioned in 2009/10 and in 2012.

Following its success in 2014, Oceans & Company was once again instructed by the owner to assist in the marketing of the property. Principal tenants are the Max Planck Institute, the financial services provider Natixis, the 360T online trading platform, the airline Emirates and the recruitment agency Michael Page.

The transaction achieved an outstanding result for the seller after a mere 2-year holding period and secured the new buyer a similarly interesting deal with a purchase price of around € 4,200/sqm.