A sales transaction of a building complex was completed

A sales transaction of a multifunctional building complex FÜRST was completed in Berlin

20.02.2020 10:00

The Moscow company Prime Property Management has completed a sales transaction of a multifunctional building complex FÜRST (Kudamm Karree) in the centre of the German capital with the total sold area of 97 thousand square meters. The owners of the buildings are Ionview Holding structures managed by the Dayan Family Office. The value of the transaction remains secret.

The property was bought in 2014 as a mutual purchase of the Elleke VV 19 GmbH and the Mozart HoldCo S.a.r.l. companies. Each one owns 50% of the assets. The developer of the project was Cells Bauwelt GmbH.

Mr. Kotsuba, the Executive Director of Prime Property Management, pointed out that this project was especially interesting for the company as it played an important role in city development and involved quite a few challenges.

Developed by the Kleihues+Kleihues bureau for the FÜRST, the architectural concept implies the enlargement of the complex area up to 100 thousand square meters that will allow opening the social infrastructure object such as a hotel, a parking space, offices, shops, restaurants, a gym, a kindergarten, etc. Prime Property Management is absolutely satisfied with the completed work. The company is still interested in the German estate market.

Prime Property Management was founded in Moscow in 2016. One of the key courses of its business is the independent management of commercial real estate: concept creation, engineer system upgrade, legal and financial support. The company mainly carries on cooperation with multifunctional and office objects like A and B class business parks and individual objects.

Another course of Prime Property Management is investment activity lead by the Prime Invest department.