Tuesday, 5 May 2026
BlueRock Group AG has acquired an office property in Berlin from Schroder Real Estate Kapitalverwaltungsgesellschaft mbH. The parties did not disclose the transaction price.
The asset, located on Storkower Straße in the Pankow district, provides approximately 16,500 sqm of lettable space. Originally built in 1965 and modernised in 1994, the building is fully leased to a German federal government agency. The lease has a remaining weighted average term of around 11 years, with an additional five-year extension option.
Ronny Pifko, CEO of BlueRock, said: “In a highly competitive market, speed and clarity are key. We moved quickly to secure this attractive, strategically well-positioned property with a stable tenant profile. At the same time, the property gives us the opportunity to deliver on our sustainability goals here. We have already planned a programme of measures, which will also improve the working environment for staff, and these will be implemented in the coming months.”
Nils Heetmeyer, Managing Director of Schroder Real Estate KVG mbH, added: “With the sale of this long-term let office property, we have delivered further value for our fund. The property stands out thanks to a stable tenant profile and attractive lease terms, which made it straightforward to sell even in a challenging market. At the same time, it was important to us to find a buyer who would develop the property responsibly over the long term. With BlueRock, we have done exactly that.”
The property is located close to the Landsberger Allee S-Bahn station, providing connections to the Berlin Ringbahn as well as the S8 and S85 lines, and is also served by bus routes 156 and 200.
Legal advice to BlueRock was provided by HEUSSEN Rechtsanwaltsgesellschaft mbH, while GSK Stockmann advised the seller. Technical due diligence was carried out by MB Advisors, and the transaction was brokered by BNP Paribas Real Estate.
