As retained communications consultants, we have been working with M&G Real Estate to announce the acquisition of a central Berlin office asset as well as leasing activity at its central Cologne office holding as part of its pan-European growth strategy.

The 22,521 sq m ‘Badensche Strasse’ office comprises two adjoining buildings over six storeys and was acquired for €94.1m from an entity managed by JP Morgan Asset Management this month.

A modern, well-specified and recently refurbished office building within Berlin’s Wilmersdorf district, it is let to strong tenants including BImA (the Institute for Federal Real Estate) and Paypal.

M&G Real Estate has also secured a major new tenant at its office asset in central Cologne. The 20,413 sq m office building, which was formerly the headquarters of Lufthansa, has been leased for a fixed term of 15 years to a department of the German Federal Government.

Redwood worked with the European team and corporate communications to collate the news into a single announcement, pitching to a range of target media and securing exposure in a range of core trade titles including IPE Real Estate, Property EU, Real Estate Investment Times and PERE amongst others.

We continue to grow the profile of M&G Real Estate’s European core property strategy, which has now deployed over €1bn of capital since March 2015, with acquisitions made in Denmark, France, Germany, Italy and Portugal.