The district of Berlin Friedrichshain, with a current population of around 125,000 inhabitants, is an area of the city that is in high demand for retail, office and residential projects, and has evolved in recent years into a happening district, not far from the so-called Kiez (neighbourhoods in Berlin), which has developed its own restaurant and bar culture. This area, which is mainly inhabited by young creative people and young families, is characterised by the many well-known cultural institutions and fashionable clubs located here.
More than two million people live within a 20-minute commute from the property. The population density in the immediate vicinity, at 11,500 inhabitants/km², is well above the Berlin average of 3,800 inhabitants/km². The future looks really bright for this location, with a variety of completed projects and many still under construction, such as the “Mediaspree,” one of the largest developments in Berlin‘s history.
The German headquarters of internationally renowned companies, such as Zalando, Universal and Coca-Cola, as well as the Mercedes-Benz Arena, with approx. 17,000 seats, are located in the immediate vicinity. The infrastructure development of the property is excellent, mainly due to its proximity to the Ostbahnhof.
After extensive structural restoration of the existing building and the complete renovation of the façade, in a gross floor area of approx. 55,000 m², attractive loft office spaces with ceiling heights of up to five metres will be built, as well as retail spaces – particularly focused on local supply and cuisine – with an area of around 1,900 m². In the garage, the property will have around 100 car park spaces.