Within the context of a Segregated Mandate in the field of residential segment BMO Real Estate Partners Germany purchases the “Grand May”, located at Landwehrkanal in the Neukölln area of the City of Berlin for a real estate special asset administrated Institutional Investment Partners (2IP).

The four parts of the building are fully let and contain 70 living quarters with more than 5,650 sqm as well as 3 commercial units. The commercial units contain approximately 1,400 sqm and are let to an EDEKA market and a daycare facility for children including corresponding co-working areas. Further, the property contains 33 parking spaces and 165 bicycle stands in an underground parking garage. The mixed-use object is sold by Cross Jeanswear GmbH, a company located in Berlin. Regarding the purchase price the parties agreed on non-disclosure.

The „Grand May“ has been planned in 2018/2019 by the architect’s office Patzschke & Partner with a circular corner tower and cupola, located nearby Maybachufer at the point of intersection of Neukölln and Kreuzberg.