Deka Immobilien sells Edison Höfe property in Berlin

Deka Immobilien has sold the Edison Höfe office and commercial complex in Berlin-Mitte to an institutional investor. The asset was held in the portfolio of the open-ended real estate fund WestInvest ImmoValue, which is aimed exclusively at institutional clients. The parties agreed not to disclose the transaction price.

The property is located at Invalidenstraße 116–119 and Schlegelstraße 26, 26A–C and comprises eight office and commercial buildings with approximately 27,700 sq m of leasable space and 129 parking spaces. The complex includes the Torhaus, a gatehouse building completed in 2012, and a former AEG factory building dating back to 1880 that was comprehensively refurbished between 2002 and 2004, including the addition of an extra floor.

According to the company, the sale follows a holding period of nearly 13 years and was executed as part of portfolio management activities within the WestInvest ImmoValue fund.