Weekly data sheet: Imfarr bets big on Berlin

Nemat Farrokhnia’s family office made one of the largest acquisitions since the summer, paying Aggregate Holdings €488 mln for part of Heidestrasse Quarter in Berlin.

Aggregate has sold three blocks in its mixed-use development to an investor consortium led by Imfarr as it continues to raise capital to pay down its debt.

Imfarr owns some of Germany’s most prominent office buildings, including Frankfurt’s Silver Tower. The Heidestrasse assets are: Crown 2, Colonnades and Straight with a combined 52,400 m2 of offices, apartments, retail and restaurants.

In London, Nuveen-managed Cityhold Office Partnership hoisted a £900 mln for sale sign over a trio of offices according to React News which broke the story, including 24-storey tower 70 St Mary Axe, also known as the Can of Ham.

In the finance market, seven European banks wrote a €500 mln green multi-currency loan for Skanska, while Tristan Capital Partners financed a UK hotel portfolio it bought for EPISO 6 fund this year with  £240 mln of debt from Aareal Bank.

Two US managers raised equity for funds with Europe components.

We also track other assets on the market and sales pulled.

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