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POELLATH advises Quantum on the acquisition of “Wasserstadt Mitte” in Berlin

Quantum Immobilien KVG (“Quantum”) has acquired “Wasserstadt Mitte” in Berlin’s Europacity for an institutional investor by way of a share deal. The sellers are a holding company of Adler Real Estate AG and Taurecon. The parties have agreed not to disclose the purchase price.

The quarter is located on the banks of the Berlin-Spandauer canal at Heidestrasse 17-24 and was completed in 2019. It comprises a total leasable area of approximately 47,000 m². This is divided between 711 sustainably built and privately financed apartments, including 213 co-living apartments, and around 3,000 m² of commercial space for retail, restaurants and a daycare center.

POELLATH provided comprehensive legal and tax advice to Quantum on the transaction with the following cross-location team:

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