Allianz buys Berlin building

Berlin

ALLIANZ Real Estate, the property investing unit of Europe's biggest insurer, bought an office building in Berlin for 210 million euros (S$317 million) that's rented to railway company Deutsche Bahn.

Stettiner Carree, near the Nordbahnhof train station, was sold by private equity firm Global Asset Capital, Allianz said in a statement on Tuesday. The building has 61,500 square metres of space.