|
contents | business | |||||||||
| NPS acquires Sony Center Berlin South Korea's National Pension Service (NPS) has signed the purchase and sale agreement for Sony Center Berlin. Sellers are Corpus Sireo, The John Buck Company and Morgan Stanley's real estate fund MSREF VI International. Sony Center is located at Potsdamer Platz in the heart of Berlin and consists of eight buildings with a total leasable area of approximately 115,000 square meters. This prestigious property serves as headquarters for tenants such as Deutsche Bahn, Sony and Sanofi-Aventis. In this share deal, NPS was advised by Hines, the international real estate firm. Hines will also be responsible for ongoing asset management. The landmark acquisition was the first deal of NPS and Hines in the context of their strategic partnership in continental Europe. The Sellers were advised by BNP Paribas Real Estate and Morgan Stanley. write your comments about the article :: © 2010 Construction News :: home page |