Union Investment will transfer the property to its open-end property fund UniImmo: Deutschland. The office building, which offers a full 28,000 sqm of gross floor space above ground, will be let in its entirety to MBVD for a term of 10 years. The sale price is approximately € 88 m.

According to Dr. Bruno Ettenauer, CEO of CA Immo, “For us, developing the MBVD headquarters in Berlin to the point of sale is a prime example of a profitable real estate project efficiently realised. Having guided this project to a successful conclusion, creating more high quality office properties to consolidate our asset portfolio in Germany is now priority number one.”

Philip La Pierre, Head of Investment Management (Europe) at Union Investment Real Estate GmbH, remarked, “The full letting of this new structure to a creditworthy user for the long term, together with its promising location in the Mediaspree area, will secure strong revenue and serve to confirm the high occupancy rate of our German fund.”

The MBVD headquarters: energy efficient and functional
Official handover of the office structure developed by CA Immo to the tenant, Mercedes-Benz Vertrieb Deutschland (MBVD), took place this June. Around 1,200 MBVD employees have been working in their company's new German headquarters in Friedrichshain-Kreuzberg since mid-June, overseeing sales and service for the Mercedes-Benz, smart and Fuso brands in Germany. The headquarters building, which comprises a seven-storey low-rise building and a 14-level high-rise structure, presents impressively modern architecture while conforming to high environmental standards. Energy savings of around 30 percent compared to conventional structures have been achieved thanks to features such as triple-layer insulating glazing. An application has been made for silver certification from the German Sustainable Building Council (DGNB). The project was realised on schedule and within budget; the CA Immo subsidiary omniCon was responsible for construction management. 

About CA Immo
CA Immo is one of the foremost real estate organisations in Central Europe. The company, which is listed on the benchmark ATX index of the Vienna Stock Exchange, specialises in the letting and development of commercial real estate, especially in the office segment. Founded in 1987, CA Immo currently controls property assets of around € 5.4 bn in Germany, Austria and Eastern Europe (correct as of 30 September 2013).

About Union Investment
Union Investment is one of Europe’s leading real estate investment managers. The company’s range of solutions include open-end mutual property funds and special funds with a volume of € 23 billion. Its real estate portfolio comprises 320 office, hotel, retail and logistical properties situated in Europe, America and Asia. 

Please address any questions to:
CA Immobilien Anlagen AG
Susanne Steinböck
Tel.: +43 1532 590 7533
Email: susanne.steinboeck@caimmo.com
www.caimmo.com

Union Investment Real Estate GmbH
Fabian Hellbusch
Tel.: +49 40 349 194 160
Email: fabian.hellbusch@union-investment.de
www.union-investment.de/realestate