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Announced

Completed

Bayerische Versorgungskammer to acquire Zalando HQ in Berlin from Hines.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Acquisition

Friendly

Germany

Private

Real Estate

building

Private Equity

Majority

Completed

Real Estate Holding and Development

Single Bidder

Synopsis

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Bayerische Versorgungskammer, a public pension fund, agreed to acquire Zalando HQ in Berlin from Hines, an international real estate firm. Financial terms were not disclosed. "The building impresses with its excellent location in the Mediaspree area, its innovative and sustainable building concept and Zalando as a long-term tenant. We are pleased that we have found a reputable buyer with Bayerische Versorgungskammer and continue to manage the property as an asset manager in the long term," Kai-Magnus Schulte, Hines Managing Director.

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