CBRE Investment Management Acquires Mixed-Use Asset close to the Reichstag in Berlin

November 1, 2022

Residenz am Deutschen Theater

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Helen Stott

Corporate Communications Director

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CBRE Investment Management (“CBRE IM”), on behalf of a fund sponsored by the firm, has acquired Residenz am Deutschen Theater, a mixed-use scheme in Berlin, Germany.

Consisting of three buildings just 500m from the German parliament, the asset has a net leasable area of 13,125 sq m, made up of residential, office, retail and other space, along with 152 car parking spaces. Over time the grade B offices will be converted into residential units, resulting in a residential project in Berlin’s CBD designed to the highest specifications.

The building complex is centrally located in the heart of Berlin’s government district, one of the city’s prominent residential areas. The Mitte district is a centre for art and culture, science and research, media and politics and is home to a large number of federal institutions, ministries and embassies.

Sebastian Ehrhardt-Unmuessig, Head of Transactions Germany at CBRE Investment Management, said: “Despite recent market turbulence, Berlin remains an attractive city for investment in the European market, given its supply constraints1. This was a unique opportunity to increase the fund’s residential exposure to the German market by investing in a mixed-use scheme with strong value enhancement potential, in a prime location in one of the most liquid markets in Europe.”


About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $146.9 billion in assets under management* as of June 30, 2022, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.

CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2021 revenue). CBRE has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.