Berlin: Quantum acquires BPD project in Spandau
BPD Immobilienentwicklung has sold its residential project in Berlin’s Spandau district to Quantum Immobilien. The project involves approximately 3,500 sqm on Flankenschanze, where 102 rental apartments will be created along with 20 underground parking spaces. The total living space will be around 6,600 sqm, according to BPD. Construction is scheduled to start in May 2019, with completion scheduled for July 2021. Jebens Mensching advised Quantum in legal matters for the purchase. BPD had acquired the property in 2016.
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