Austrian real estate investment and development company Sparkassen Immobilien has acquired a mixed-use property portfolio comprising 53 apartment buildings and the Berlin-Mitte tax office. The assets cover an area of 188,000 m[sup]2[/sup] and are distributed across Berlin. This is the company's largest acquisition in Germany, a market which represents 22% of Sparkassen Immobilien's total portfolio. Its portfolio includes 75 properties in Austria, Germany, the Czech Republic, Hungary, Slovakia and Romania with a total lettable space of 802,700 m[sup]2[/sup]. The company plans to expand into the Bulgarian, Slovenian and Ukrainian markets.
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