Luxembourg, 9 September 2022
Vivion acquires income producing assets in central Berlin
Vivion Investments S.à r.l. (“Vivion” has entered into a transaction with Aggregate Holdings SA (“Aggregate”) to acquire two segments of the Quartier Heidestrasse (“QH”) project in central Berlin.
The acquisition of QH Core has been completed, while the closing of QH Spring is subject to certain CP’s. Following the completion of the transaction, Aggregate has settled all outstanding positions with Vivion.
The total GAV for the two assets combined is approx. EUR 456mn. The assets are located only ten minutes walking distance from Berlin’s famous government district. The purchase price of ca. EUR 220mn will be settled with the position of 5.5% 2024 Aggregate Bonds that Vivion holds.
“This acquisition is in line with our company’s strategy of acquiring high quality, income producing assets in prime locations in Germany top tier cities” Vivion’s CEO Sascha Hettrich said. “We are very pleased with the addition of these assets to our portfolio that increases our footprint in Berlin. In addition, we continue to see strong performance across all of our portfolio and stability throughout, despite turbulent times”.
Contact for more Information
Daan Bras – Investor Relations
T +31 652 0900 26
daan.bras@vivion.eu
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