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Berlin: Project Fonds plans 111 apartments in Zehlendorf

The Project Fonds Group seated in Nuremberg is planning 111 condominiums in the Zehlendorf district of Berlin. For this purpose, the firm has acquired an 18,950 sqm plot on the corner of Schlettstadter Strasse and Sundgauer Strasse for its Reale Werte Fonds 9 and 10. Apartment houses with some 9,500 sqm of living space as well as 111 underground parking spots are to be developed in two construction phases. Project Fonds is quoting the total volume at €43.5mn. Commencement of construction is slated for 2014, and completion for 2016.

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