In a remarkable milestone, the IntercityHotel Berlin Hauptbahnhof, a shining example of sustainable hospitality, has been sold by CA Immobilien Anlagen (CA Immo) to the US investment firm Invesco. This hotel, located in Berlin’s Europacity, boasts the distinction of being the first to earn a platinum certificate from the German Sustainable Building Council, a testament to its rigorous construction standards prioritising environmental responsibility.
The esteemed German law firm POELLATH facilitated this property transaction, providing crucial legal and tax counsel to CA Immo. Leading the charge was Dr Stefan Lebek, a real estate partner, alongside Dr Hardy Fischer, a tax partner, and Dr Laura Schumann, a real estate counsel, with Jenan Fur as an associate.
CA Immo, with expertise spanning office real estate development and management across Austria and Central Europe, responsibly developed this hotel, which opened its doors in 2013. With 412 hotel rooms and 10 meeting rooms spread over a substantial 23,400m², the hotel’s sale reflects a strategic pivot towards high-quality office properties in key locations, according to CA Immo’s CEO, Keegan Viscius.
The property was sold at a premium above its book value, highlighting its worth, which sits around EUR 0.5 billion. It continues to operate under the management of Intercity Hotel, a subsidiary of Steigenberger Hotels. Eastdil Secured, an investment bank, also provided advisory services, further solidifying the transaction’s strategic importance.
CA Immo sold the IntercityHotel Berlin Hauptbahnhof to Invesco with the help of law firm POELLATH, ensuring legal and tax support throughout the process. This hotel is notable for its sustainability achievements and the transaction reflects CA Immo’s strategy to concentrate on high-quality office properties in prime locations.
The sale of the IntercityHotel Berlin Hauptbahnhof marks a significant achievement for CA Immo, aligning with their strategic focus on premium office properties. With the backing of POELLATH, this transaction showcases a clear commitment to sustainable real estate. As CA Immo reinvests the sales proceeds, this move promises to enhance their future developments, reinforcing their market position.
Original Source: iclg.com
