Kintyre and Angelo Gordon acquire Kant Centre in Berlin

Frankfurt, 03 June 2024

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intyre, the repositioning and turn-around specialist has partnered with long term partner TPG Angelo Gordon to acquire the Kant Centre in Berlin Charlottenburg. In a deal initiated by CBRE, the property was purchased in an asset deal from Credit Suisse Real Estate Fund International. The parties have agreed not to disclose the purchase price.

Located on the corner Kant Strasse and Wilmersdorfer Strasse, and directly on one of Berlin’s best-known and busiest pedestrian zones, The Kant Center is a multi-let office and commercial building with approximately 22,000 sqm of leasable area.

The current anchor tenants TK Maxx, Media Markt and Fitness First have so far been complemented by office and practice space on the upper floors.

As part of the planned optimization of the property, Rewe have signed a long term lease on the prominent corner location with over 2,000 m² of retail space on the ground floor. Kintyre The full-service investment and asset manager will have its Berlin branch take up occupancy in newly created office space. Further, in the course of the turn-around Kintyre have plans for additional office spaces within the property.

“The Kant Centre is already a multifunctional property. Now it will become an urban hotspot with strong retail, high-quality local amenities, modern offices and healthcare facilities; all uses have excellent connections to the DB, S-Bahn and U-Bahn as well as its own car parks. In times of change, the DNA of this investment product offers the resilience to fulfil the increasingly demanding investment criteria in the future,” says Marius Ohlsen, Managing Partner at Kintyre.