TD News International Location: Berlin

Berlin: Zech and Rhomberg build with wood for Edge

18/04/2019 Cree, a joint venture of the Bregenz-based construction company Rhomberg and the Zech Group, is building the new Vattenfall headquarters near Berlin’s Südkreuz station. The 35,000 sqm building is a project of the Dutch company Edge Technologies and will be a wood-hybrid construction. It should be completed within 24 months. “This project clearly shows that [...]

Berlin: 60,000 sqm new space planned around former Funkhaus

15/04/2019 Several investors intend to develop the grounds around the former East German broadcasting building Funkhaus in Berlin-Oberschöneweide into a large creative quarter. Fortress Immobilien of Düsseldorf wants to invest roughly €75mn in the lots Rummelsburger Landstraße 34-62 to build about 40,000 sqm GFA in eight new structures. Added to that is the existing former editorial [...]

Berlin: Medici Living opens coliving location near main rail station

12/04/2019 Medici Living has announced its third “Quarters” location in Berlin. The property will have nearly 6,750 sqm of lettable space and 266 beds, making it the co-living provider’s largest facility to date worldwide. The new Quarters is located on Lehrter Straße near the main rail station, and is part of the Groth Group’s “Mittenmang” quarter [...]

Union Investment buys microapartments in Berlin

10/04/2019 Union Investment has acquired the “Living House Berlin” in Oberschöneweide. The new building, completed last autumn, has 172 furnished private rooms in 53 shared apartments, each holding two to five rooms. The building is at Slabystraße 7-8, about 400 meters from the Berlin University of Applied Sciences, and has 3,100 sqm of lettable space. The [...]

Project buys sites in Berlin and Nuremberg

10/04/2019 Project Immobilien has acquired several building sites in Berlin (1,177 sqm at Rembrandtstraße 20-21 in Friedenau, 746 sqm at Baruther Straße 5 in Kreuzberg, and 1,356 sqm on Wiesenstraße 11 in Wedding) and Nuremberg (1,550 sqm at Maximilianstraße 43). The four sites are to hold a total of 184 microapartments, 41 apartments and ten commercial [...]

May & Co. builds 130,000 sqm logistics space south of Berlin

09/04/2019 May & Co. and the Pflugfelder Group have begun work on the development of a 130,000 sqm round-the-clock logistics center in Schönefeld near Berlin. The “Log Park Berlin Schönefeld” is being built on 37 hectares of greenfield land near the A 113 motorway and state road L 402, east of Kiekebusch. Construction is already underway [...]

Coffee Fellows opens in Cube Berlin food court

08/04/2019 CA Immo has signed a general lease for about 1,000 sqm in the food court on the ground floor of office building Cube Berlin. CA Immo intends to complete the structure directly adjacent to Berlin’s main station and Spreebogen by late 2019. The building has a total of roughly 17,000 sqm lettable space and with this [...]

S Immo logs operative growth and buys lots around Berlin

03/04/2019 S Immo is reporting gains of €204.2mn for 2018, a plus of 53 % compared to the previous year. FFO 1 increased by 43 % to €61.1mn, while rental income declined to €104.3mn due to property sales. Acquisitions focused on Germany, where about €123mn were invested, mainly in existing properties with rent increase potential in [...]

Berlin: Investa builds hotel and offices on Bundesallee

02/04/2019 Investa Real Estate is developing a hotel and office ensemble in Berlin-Wilmersdorf. Instead of the office tract that spans the east end of Pariser Straße toward Bundesallee, a 176-room hotel will be erected, as well as about 12,000 sqm office space facing the hotel toward Meierottostraße. The hotel is already leased for 20 years. Construction [...]

Berlin: GEG buys Pressehaus on Alexanderplatz for €365mn

01/04/2019 GEG German Estate Group is buying the Pressehaus on Berlin’s Alexanderplatz from Tishman Speyer. The deal includes the landmarked high rise formerly used by the publishing house Berliner Verlag, and the planned new construction “New Podium”, both structures totaling 35,700 sqm lettable space. For the latter, Tishman has just signed a lease with flexible office [...]