Korea's NPS sells landmark Berlin property to Canadian pension fund OMERS for $1.3b

Korea's NPS sells landmark Berlin property to Canadian pension fund OMERS for $1.3b

Sony Center, Berlin. Photo: Sony Center website

Canadian pension fund OMERS and U.S. buyout group Madison are acquiring Berlin’s landmark property Sony Center from Korea’s national pension fund NPS for 1.1 billion euros ($1.3 billion), the companies said on Monday.

The eight buildings at Berlin’s central square Potsdamer Platz include BahnTower, the headquarters of national railway company Deutsche Bahn, as well as office and retail space used by tenants such as Sony, Sanofi, Facebook and WeWork. They also house cinemas and residential units.

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