Signature Capital

COLCAP purchases Berlin Vodafone HQ from Signature Capital

Signature Capital has completed the sale of the Berlin Vodafone headquarters to COLCAP / International Investors continue to show great interest in the Berlin real estate market.

The German Irish investor Signature Capital has sold the Berlin Vodafone headquarters in the district of Tempelhof to COLCAP. The fully rented property currently known as the Berlin Vodafone Campus occupies 13,000 sqm with four upper floors.

“The Berlin office market continues to be of great interest to our international end investors. With Vodafone Kabel Deutschland, we’re very pleased to have a particularly relevant ‘digital heavyweight’ as a long-term tenant now” says COLCAP Managing Director Uwe Hellendahl. COLCAP represents several notable foreign end investors with their investments in Germany.

(more…)

Significant New lettings agreed across Signature Capital’s German Portfolio

The Federal Police has signed a 10-year fixed lease at Salzufer-22 for their back-office operations. They are taking a total of 1,750 sqm of space spread over two floors with the lease starting in January 2021.

In March Alldent signed a 15-year lease for 1,190 sqm at Limbeckerstrasse in Essen. The dental practice will be the first tenant for the new mixed-use concept at the property which will see the retail space reduced in favour of new modern office suites on the 2nd and 3rd floor.

(more…)

Signature Capital and PGIM Real Estate acquire Berlin Arrow Portfolio

A partnership between Signature Capital and PGIM Real Estate has acquired the Arrow Portfolio in Berlin from Patrizia AG as a share deal. The portfolio comprises four office properties in Berlin’s Central districts of Mitte and Kreuzberg, with a total area of c. 32,000 sqm, as well as an additional fully permitted development of c. 8,500 sqm.

The properties in Mitte, one of Berlin’s most desired office and retail locations, are former Senior Living residences which will be converted into top grade new office space. The Kreuzberg district, which is adjacent to Mitte, was historically an industrial district and is now a creative hot spot with rapidly changing demographics, attracting start-ups and corporates alike.

(more…)