LaSalle adds Berlin office to pan-European portfolio

LaSalle Investment Management has purchased a fully leased office building at Charlottenstraße 82 in central Berlin for a German institutional investor. 

Office property in Berlin

This acquisition expands LaSalle's pan-European portfolio, managed for the client through the Institutional Investment Partners (2IP) platform.
The building, constructed in 1913 and renovated in 2021, is situated in the southern part of Berlin's Mitte district. It features over 4,000 m2 of leasable space, entirely leased long-term to the German Federal Ministry of Finance. The property is conveniently located near government ministries and corporate offices, with excellent public transportation access via the Kochstraße (U6) and Stadtmitte (U6/U2) underground stations.
Berlin's office market is strong, particularly in the Mitte district, which has low vacancy rates, limited new supply, consistent rental growth, and steady demand. The acquired building is well-positioned to capitalize on these market trends and produce consistent, inflation-linked income over the long run.
Falko Schlafke, fund manager at LaSalle, commented: “This transaction, on behalf of our valued institutional investor client, represents a significant opportunity to acquire a property in an excellent location with a strong tenant and an attractive long-term secured income profile.”
Alexandre Arhuis-Grumbach, head of Transactions Europe, Core and Core+ Strategies at LaSalle, added: “With an enviable location, a strong heritage and a long-term let to a public sector tenant, as well as having undergone several high-quality refurbishments, this asset is set to provide stable, long-term income.”
JLL, Greenberg Traurig, WSRE, and WTS advised LaSalle on the acquisition, while Colliers served as the advisor to the seller.