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Tuesday | August 11 | 2020

CA Immo completes sale of Cube Berlin to Nuveen Real Estate

CA Immo has closed the sale of Cube Berlin, a 17,500 sqm office property, to Nuveen Real Estate, one of the largest investment managers in the world.

Cube Berlin was developed by CA Immo and completion took place in February 2020 after around three years of construction.

Construction management was handled by the CA Immo construction subsidiary omniCon.

CA Immo invested around € 100 m in the building, which was sold to Nuveen Real Estate in a share deal transaction before construction started.

The office building is located between the Government district and the main railway station, next to the River Spree. It is part of the Europacity urban district development, which is one of the most important urban development areas in Berlin.

The asset is 100% pre-let to tenants including Deutsche Bahn AG, Gleiss Lutz and RA Micro.

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