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Goerzallee

Berlin, Germany
  • Acquisition Type:
    Investment
  • Acquisition Date:
    2019
  • Status:
    Current
  • Project:
    Logistics and office building
  • Building Age:
    1930 (office); 2010 (logistics)
  • Size:
    143,967 sq. ft
  • Asset Class:
    Industrial/Office
Highlights
  • Westcore purchased the buildings fully vacant which offers attractive returns for an asset which is located in a sub-market of Berlin with low vacancy and strong tenant demand. The property is currently at 78% occupancy. Westcore plans to refurbish the older aspects of the site to meet modern occupier expectations. Goerzallee is located in the Berlin borough of Steglitz-Zehlendorf, the third largest district of Berlin. It is strategically located near the Route-1 with direct access to Berlin, and benefits from proximity to transportation networks including the S-Bahn.