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DIEAG acquires further property in prime location in Berlin’s City West

Berlin, 14 December 2022 – DIE Deutsche Immobilien Entwicklungs AG (DIEAG) has acquired a further project in the City West as part of an asset deal.

The property is located close to Wittenbergplatz. With a floor space of approx. 1,300 sqm, the property offers development potential of up to approx. 7,500 sqm of gross floor space above ground. Thanks to its attractive location in close proximity to KaDeWe and Tauentzien, the site is ideally suited for both office and residential use. As part of the further planning process, possible development options for the property will be investigated and building rights will be obtained.

The vendor is a family office. Both parties have agreed not to disclose the purchase price. DIEAG was advised on the transaction by HFK Rechtsanwälte.

Richard Pail, Managing Director of DIEAG Investmentmanagement GmbH: “The fact that we have once again been able to successfully conclude an off-market transaction despite the current difficult market situation shows that we as a group of companies are ideally positioned for the future. We would like to thank all parties involved for the smooth process and look forward to developing another property in City West.”

Note on images and image rights:
The use of the images sent by the citation providers and the visualisation of the area is only permitted in the context of reporting on the company DIEAG. The images may only be edited within the scope of normal image processing.

Press contact DIEAG
Dr. Gregor Keck
Schlüterstraße 36, 10629 Berlin
T+49 30 22 44 50 560
presse@die.ag

About DIE Deutsche Immobilien Entwicklungs AG

With a project volume of around EUR 2.5 billion (as of August 2023), DIE Deutsche Immobilien Entwicklungs AG (DIEAG) is one of the leading real estate project developers and asset managers in the German-speaking region. Founded in 2015, DIEAG stands for holistically designed and implemented real estate projects and focuses on the development of large-scale residential and commercial properties for sale to institutional clients worldwide with the aim of long-term portfolio management. DIEAG is committed to sustainable investment strategies in the interests of responsible corporate governance in accordance with ESG guidelines.

For further information please visit: www.die.ag

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KONTAKT

DIE Deutsche Immobilien
Entwicklungs AG

Schlüterstraße 36
10629 Berlin

+49 30 2244 505 50
kontakt@die.ag

KONTAKT

DIE Deutsche Immobilien
Entwicklungs AG

Schlüterstraße 36
10629 Berlin

+49 30 2244 505 50
kontakt@die.ag