Winters & Hirsch brokers sale of Columbushaus in Dresden to Family Office

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 at Berliner Straße 1-13 / Löbtauer Straße 4-6 in Dresden’s Friedrichstadt area was sold by restricted tender to a well-known Family Office from Germany. The purchase price was not disclosed. The transaction was finalised in August.

Built in 1993, the former seat of the Dresden local and regional court comprises approx. 21,100 sqm of lettable space, most of it for office use. The ground floor has approx. 2,000 sqm of retail space. The property comes with 180 basement parking spaces and an outdoor parking lot holding 70 cars. The plot has approx. 13,000 sqm. The vacancy rate is approx. 50 percent.

Situated close to Friedrichstadt and Mitte stations as well as the inner-city ring road, the Columbushaus enjoys excellent transport links. The historical town centre with the Semper Opera House and the Zwinger is within walking distance.

Appointed by the seller and the financing bank, Winters & Hirsch managed the tendering procedure in sole agency. The seller was legally represented by Noerr LLP.