{"id":1004124539,"date":"2015-08-04T06:37:22","date_gmt":"2015-08-04T14:37:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004124539"},"modified":"2022-12-07T20:43:00","modified_gmt":"2022-12-08T04:43:00","slug":"tishman-speyer-goes-back-to-berlin","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-goes-back-to-berlin\/","title":{"rendered":"Tishman Speyer Goes Back to Berlin"},"content":{"rendered":"<p><em>By Barbra Murray, Contributing Editor<\/em><\/p>\n<div id=\"attachment_1004124546\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Q.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004124546\" data-attachment-id=\"1004124546\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-goes-back-to-berlin\/q\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Q.jpg\" data-orig-size=\"1024,777\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Q\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Quartier 205&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Q.jpg?w=1024\" class=\"size-medium wp-image-1004124546\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Q.jpg\" alt=\"Quartier 205\" width=\"300\" height=\"228\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Q.jpg 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Q.jpg?resize=300,228 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Q.jpg?resize=768,583 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004124546\" class=\"wp-caption-text\">Quartier 205. Photo: flickr user wolf<\/p><\/div>\n<p>Tishman Speyer built it, sold it and now the company has brought Quartier 205, a mixed-use asset in Berlin, Germany, back to its portfolio. Tishman recently acquired the 560,000-square-foot property for its European Core Fund from Spain-based Ponte Gadea and Grupo Santander, marking the real estate company\u2019s return to one of its premier European developments and to the City of Berlin.<\/p>\n<p>The Q sprouted up in 1995, a few years after East and West Berlin were united as one. Spanning an entire city block, the Oswald Mathias Ungers-designed property features office space, retail square footage and residential units, and boasts a current overall occupancy level of approximately 90 percent.<\/p>\n<p>Tishman Speyer is keeping mum on the acquisition cost of the property, which the company had sold to the Spanish investment groups in 2007 for \u20ac275 million. Whatever the price tag, Berlin Hyp came through with financing for the purchase. Tishman Speyer relied on commercial real estate services firm Savills for representation on the transaction, and the sellers turned to JLL and CBRE Group.<\/p>\n<p>It\u2019s been evident as of late that Tishman Speyer is quite keen on Germany, where it has had a presence since the 1980s. Recently, the company presented the design for the 45-story mixed-use tower that it\u2019s developing at the <u><a href=\"https:\/\/www.commercialsearch.com\/news\/regions\/international\/tishman-speyer-expands-in-frankfurt\/1004121477.html\" target=\"_blank\" rel=\"noopener\">former Metzler bank site at Grosse Gallusstrasse<\/a><\/u> 16-18 in Frankfurt. Presently, Tishman Speyer\u2019s German portfolio encompasses just over 2 million square feet. And it appears the company is just getting started with its renewed relationship with the Berlin real estate market.<\/p>\n<p>\u201cWe look forward to widening our presence in this vital city in the years to come,\u201d Tishman Speyer Co-CEOs Jerry Speyer and Rob Speyer said in a prepared statement.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tishman Speyer built it, sold it and now the company has brought it back to its portfolio.<\/p>\n","protected":false},"author":969,"featured_media":1004124546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16,21783,21752,21742],"tags":[],"class_list":["post-1004124539","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","category-investment","category-mixed-use","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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