Project invests €77mn in Berlin and Frankfurt
Project Immobilien is investing in an office project in Berlin-Tegel and a housing project in Frankfurt’s Gallus district. An office building with about 7,500 sqm lettable space and 95 underground parking spaces is planned on a 3,604 sqm lot in Berlin’s commercial park “Am Borsigturm”. Project quotes the sales volume at over €32mn. The 3,389 sqm site on Frankenallee 98-102 in Frankfurt will be home to apartments with a sales volume of about €45mn. The Project funds Metropolen 17 und 18 are invested in both developments.
Subscribers to our premium service have access to this article in full as well as to an additional 510,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.
TD Premium is Germany’s leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.