Ares, EDF joint venture buys IKB office building [Reuters]
Berkshire Hathaway Inc. New (BRK.B)
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Source: Reuters
Ares, EDF joint venture buys IKB office building - PE Hub Ares, EDF joint venture buys IKB office building Print Email A joint venture between Ares Management Corp EDF Invest KB Deutsche Industriebank PRESS RELEASE 03:00 AM Eastern Daylight Time LOS ANGELES & LONDON & PARIS–( BINESS WIRE Built in 1997, the property comprises approximately 58,500 square meters of gross leasable area, split across two distinct but connected buildings. It is located in Kennedydamm, a prominent office submarket of Düsseldorf, and key tenants include IKB, Helaba, Colt and Berkshire Hathaway. IKB will remain the largest tenant in the building. The joint venture plans to transform the property from a primarily owner-occupied bank headquarters to a modern, multi-tenant office campus. Cells Property Investors is the local operating partner of the joint venture. The transaction is the Ares Real Estate Group’s latest acquisition in Germany and its fifth acquisition in Düsseldorf over the last two years. Are
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BRK.B
Earnings
- 2/26/24 - Beat
BRK.B
Sec Filings
- 4/22/24 - Form 424B5
- 4/18/24 - Form FWP
- 4/10/24 - Form PX14A6G
- BRK.B's page on the SEC website