LBBW Landesbank Baden-Württemberg has sold an office building in Berlin to Wealthcap GmbH
Landesbank Baden-Wuerttemberg (LBBW) has sold an office building located in Carnotstreet in Berlin, with 10,500 sqm of rental space, to Wealthcap Kapitalverwaltungsgesellschaft mbH.
Wealthcap is one of Germany’s market leaders in investments in real assets. With over 30 years of investment expertise, Wealthcap has access to high quality investment opportunities in many attractive asset classes and markets that we translate into investment offerings tailored to individual investment objectives.
LBBW is a public bank that provides commercial banking, savings, leasing, asset management, real estate, international business and equity financing services. The bank serves customers in Germany.
Oaklins’ team in Germany advised the seller in this transaction.
Talk to the deal team
Related deals
Transcon Developers Private Limited has raised structured debt finance
The transaction is a landmark resolution in the distressed real estate sector, involving a structured solution of US$64.6 million (INR5.5 billion) for a leading real estate developer in the Mumbai Metropolitan Region (MMR). The transaction was backed by a global special situations investor. The project had a total debt carrying value of approximately US$76.3 million (INR650 crore), of which US$29.4 million (INR250 crore) was deemed unsustainable.
Learn moreBuydepa has completed an IPO through ScaleX
Buydepa S.p.A. has successfully raised US$3.1 million (CLP3 billion) through its stock market debut on ScaleX (Santiago Venture Exchange). The company placed 12% of its shares through a capital increase, with subscriptions from a local institutional investor and a broad base of high-net-worth qualified investors.
Learn moreVastned Belgium has received a fairness opinion on its reverse cross-border merger with Vastned Retail
The committee of independent members of the Board of Directors of Vastned Belgium, a listed Belgium-based company, has obtained a fairness opinion in the context of a cross-border reverse merger with Vastned Retail, a listed Netherlands-based company.
Learn more