COLCAP acquires Berlin Vodafone HQ from Signature Capital
German-Irish investor Signature Capital has sold the Berlin Vodafone headquarters in the district of Tempelhof to COLCAP. The fully rented property known as the Berlin Vodafone Campus occupies 13,000 sq m with four upper floors.
“The Berlin office market continues to be of great interest to our international end investors. With Vodafone Kabel Deutschland, we are very pleased to have a particularly relevant ‘digital heavyweight’ as a long-term tenant,” says COLCAP Managing Director Uwe Hellendahl. COLCAP represents several notable foreign end investors with their investments in Germany.
With this transaction in Tempelhof, Signature Capital was able to realise yet another successful sale in the Berlin market.
Frederick Hönemann, Head of Transactions with Signature Capital, says: “We have seen very positive changes in this submarket and seized the opportunity for a sale following an extension of the lease.”
The building with an unobstructed view of Tempelhof Field is located directly at the entrance to the Berlin city motorway and is very well connected to public transport.
COLCAP Managing Director Claus-Henning Tillner, says: “As investors in EDGE Südkreuz, we have always held a strong belief in decentralised locations that are perfectly linked to the transport system. We followed this principle with this property as well.”
Additionally, COLCAP expects a positive influence on the area in the medium term due the larger development “Neue Mitte Tempelhof” in the direct vicinity of the property.