US investment manager Rockpoint is divesting Ernst-Reuter-Haus, a major office scheme in Berlin, to local insurance firm R+V Versicherung for an undisclosed amount.

The complex, which is 90%-owned by Rockpoint and 10%-controlled by Cenda, provides 30,000 m2 of space let to federal agency Bundesamt für Bauwesen und Raumordnung with a 16-year lease. The building was initially acquired by Rockpoint in spring 2008.

Jones Lang LaSalle was exclusively mandated by Rockpoint to manage the divestment process.

Boston-headquartered Rockpoint entered the German market in 2005. Last year, the company bought the 60,000-m2 KöQuartier on Königsallee in Dusseldorf. The asset, fully leased to Deutsche Bank, Linklaters and Bank of Tokyo was acquired in an off-market transaction.

Rockpoint employs over 50 professionals with offices in Boston, Dallas, San Francisco, Frankfurt, London and Tokyo.