Acquisition of a portfolio of 49 commercial office buildings throughout Germany, with over 550,000 sqm GLA, a value of over EUR 1.1bn, and originations of over EUR 800m third party debt. Acquisition of the portfolio of 12 commercial office buildings across Germany, with over 270,000 sqm GLA, a value of over EUR 600m, and originations of over EUR 450m third party debt. Set-up of the German Acorn Real Estate operating platform, including management and insourcing of all externally managed functions. Exit came through a selective sale of assets and the merger of German Acorn Real Estate with Prime Office AG, including refinancing (EUR 900m) and capital increase (EUR 130m), forming a leading listed commercial real estate company, Deutsche Office AG  with a value over EUR 3bn, which was subsequently merged and sold to Alstria Office REIT-AG.