December 2019

Signature Capital and PGIM Real Estate acquire Berlin Arrow Portfolio

A partnership between Signature Capital and PGIM Real Estate has acquired the Arrow Portfolio in Berlin from Patrizia AG as a share deal. The portfolio comprises four office properties in Berlin’s Central districts of Mitte and Kreuzberg, with a total area of c. 32,000 sqm, as well as an additional fully permitted development of c. 8,500 sqm.

The properties in Mitte, one of Berlin’s most desired office and retail locations, are former Senior Living residences which will be converted into top grade new office space. The Kreuzberg district, which is adjacent to Mitte, was historically an industrial district and is now a creative hot spot with rapidly changing demographics, attracting start-ups and corporates alike.


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