Acting in sole agency for ARCAP Beteiligungsverwaltung GmbH & Co. COLUMBUSHAUS Immobilien-Fonds VII „Dresden, Berliner Straße“ KG, the Berlin real estate agency Winters & Hirsch has successfully brokered the sale of the Columbushaus, an office property in the Saxon capital, Dresden.
The prominent corner building Berliner Straße 1-13 / Löbtauer Straße 4-6 in Dresden’s Friedrichstadt area went by restricted tender to a well-known Family Office from Germany.
The parties have finalised the contract in August. They have agreed not to disclose the purchase price.
Completed in 1993, the former seat of the Dresden local and regional court comprises approximately 21,100 sqm of lettable space, mainly offices. On the ground floor, there is 2,000 sqm of retail space.
The basement parking garage has 180 spaces; the outdoor car park has 70. The plot covers approximately 13,000 sqm.
The vacancy rate is around 50 per cent.
Situated close to Friedrichstadt and Mitte stations and the inner-city ring road, the Columbushaus enjoys excellent transport links. The historic town centre with the Semper Opera House and the Zwinger is nearby.
Appointed by the seller and the financing bank, Winters & Hirsch managed the tendering procedure as a sole agent. Noerr LLP has advised the seller on legal issues.