OMERS buys landmark Berlin property Sony Center for $1.3 bln: Reuters
Canadian pension fund OMERS and U.S. private real estate investment firm Madison International Realty are acquiring Berlin’s landmark property Sony Center from Korea’s national pension fund NPS for 1.1 billion euros (US$1.3 billion), Reuters reported. The eight buildings at Berlin’s central square Potsdamer Platz include BahnTower, the headquarters of national railway company Deutsche Bahn AG, as well as office and retail space. Ontario Municipal Employees Retirement System (OMERS) will acquire the property through its Oxford Properties unit, which recently invested in Paris’ La Defense district and after the Berlin deal will have 2.3 billion euros in continental European investments. Most of its other assets are located in London.
2 October 2017•1 min read
