Oxford Properties expects to recruit more staff to create a Berlin platform following its €1.1 bn acquisition of the Sony Center in conjunction with Madison International Realty last week.
Fresh from signing the deal with Korea’s NPS, Oxford Properties’ executive vice-president Paul Brundage said at EXPO REAL that the company can now create a Berlin platform following the acquisition of the 112,000 m2 mixed-use building.
The company expects to bring six staff over from the UK and will increase the team by recruiting locally, he said. ‘This is our first significant investment in Berlin and the good thing about starting with this is that we can build a team on the ground,’ Brundage said.
'We have an income stream and we will put financing in place, like all assets it requires management,' he added. 'We have a customer service approach.
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