TD News International Location: Berlin

Federal government agrees on land tax reform

17/06/2019 The parties of the German government have finally reached an agreement on the land tax reform after a lengthy tug-of-war. They have achieved consensus on “all essential issues”, a declaration by the coalition committee states after yesterday’s session. No concrete information is being released as yet. According to the news agency dpa, it includes the [...]

Aroundtown advertises on Bundesliga jerseys

17/06/2019 Soccer club 1. FC Union Berlin announced its new head sponsor on Friday: the listed commercial property investor Aroundtown, who will be advertising on the club’s jerseys in the new season, after the team has just been promoted to the Bundesliga, Germany’s highest professional soccer league. The residential property company Grand City, of which Aroundtown owns [...]

Flexible office space: Berlin has the most and is cheaper

13/06/2019 Berlin is the largest German market for flexible office space, with coworking and business center operators having leased 307,000 sqm to date. This figure was reported by JLL in a recent market report. 60,000 sqm will be opened for business in this year alone. A total 99,000 sqm of space has been rented but not [...]

Berlin: Hamburg Team buys medical center in Hermsdorf

12/06/2019 Hamburg Team Investment Management (HTIM) has acquired a medical center in Berlin-Hermsdorf for its “Hamburg Team Urbane Themenimmobilien” fund. The complex on Glienicker Straße 6 consists of three sections with about 5,800 sqm total lettable space, which is used by medical practices, a pharmacy, a bakery, and a supermarket, as well as six apartments. The five-story complex [...]

Berlin: Start-up leases 4,100 sqm office space in Mitte

12/06/2019 The Berlin-based startup Urban Sports will be moving into a new headquarters in Berlin Mitte, probably in September. The company has leased the entire new structure on Michaelkirchstraße 20 with about 4,100 sqm office space. They were advised on the lease by DIMP – Die Immobilien Partner. Lessor SpreeArea GmbH was advised by JLL as [...]

Berlin: Gewobag buys 500 apartments in Kreuzberg

06/06/2019 Gewobag reports that it is about to acquire 517 apartments and 19 commercial units in Berlin’s Kreuzberg district. The state-owned company announced that it prevailed in the bidding process for the two blocks of apartments at Friedrichstraße 226 and 225 on Monday, and retained exclusivity. Notarization will be carried out soon. The properties’ previous owners [...]

Berlin Senate working on five-year rent cap

06/06/2019 Katrin Lompscher (die Linke), Berlin Senator for Urban Development and Housing, has submitted key points for a general rent moratorium which would freeze Berlin rents for five years. Only previously-unlet new apartments and subsidized housing would not be affected, as separate regulations already apply. Apartments would be re-let at the most recently agreed rent from [...]

Berlin: Google buys Johannishof in Mitte

03/06/2019 Google is expanding its presence in Berlin and has acquired the office building Johannishof in Mitte. The structure on Johannisstraße 20 with roughly 10,000 sqm office space will be refurbished before the internet firm moves in, as stated upon inquiry. Further details are to be released sometime today. The “Berliner Zeitung” had first reported the [...]

Meyer Bergman buys two properties in Berlin and Hamburg

03/06/2019 Meyer Bergman has acquired two assets in Berlin and Hamburg for its closed European Retail Partners III fund. The property in Berlin is a former power substation dating from the 1920s in Neukölln. It will offer 1,800 sqm loft office space. A four-story office complex with 2.600 sqm lettable space will be developed on the neighboring lot. A preliminary [...]

Berlin: WeWork leases 10,000 sqm in Prenzlauer Berg

29/05/2019 WeWork has found another location in Berlin. The office space provider has leased more than 10,000 sqm on the site of the former Bötzow brewery in Prenzlauer Berg. Occupation is planned for July 2021. WeWork is initially taking over two historic buildings currently being converted according to plans by David Chipperfield Architects. In addition, the [...]