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Axel Springer sells €750m Berlin HQ

Axel Springer, one of Germany’s biggest publishers, has sold its new Berlin headquarters and neighbouring office and shopping complex, Axel Springer Passage, for €750m.
By James Buckley
July 17, 2017 | 3:12 P.M.

Norges Bank Real Estate Management has acquired a 100% interest in the under-construction Axel Springer Neubau office building in Berlin from Axel Springer SE for 425m. Norges agreed the forward sale and leaseback deal for the property, which has no debt and no bank financing was involved in the transaction.

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