Berenberg Real Estate Berlin Acquires Mixed-use Property In Berlin For $55M

The mixed-use property located at Gneisenaustrasse 27 in Berlin, Germany has been sold for a total price of $55,000,000. The transaction took place on April 23, 2021. The property spans approximately 70,000 square feet, resulting in a price per square foot of $785.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $55,000,000
• Date: April 23, 2021
• Address: Gneisenaustrasse 27, Berlin, Germany
• Market: Berlin, Germany
• Buyer: Berenberg Real Estate Berlin
• Seller: Council on International Educational Exchange (CIEE)
• Brokers: Brett Siegel & Evan Layne @Newmark
• Square Footage: 70,000
• Price per Square Foot: $785

The sale of the property was facilitated by brokers Brett Siegel and Evan Layne from Newmark. They represented both the buyer, Berenberg Real Estate Berlin, and the seller, Council on International Educational Exchange (CIEE). This transaction showcases the expertise and professionalism of the brokers involved in closing this deal.