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DIEAG leases two buildings in Schönefeld near Berlin to hotel group NOVUM Hospitality

DIE Deutsche Immobilien Entwicklungs AG (DIEAG) has succeeded in almost fully letting the recently completed Mizar Gate Office (MGO), originally conceived as an office complex, by attracting a new anchor tenant. The Novum Hospitality Group has signed long-term leases for two of the three individual buildings totalling 12,405 sqm. 175 serviced apartments will be built in Building C under the long-stay brand “acora Living the City.” The 150-room lifestyle design hotel “the niu Pax” will be built in Building A. Construction is expected to take between nine and twelve months. The hotel is scheduled to open in summer 2024.

The third individual building, House B, is used as an office building and currently has an occupancy rate of around 70%. Further lease negotiations are underway for this building.

Robert Sprajcar, CEO of DIEAG: “NOVUM Hospitality Group’s decision for Mizar Gate Office underlines both the attractiveness of the location and the quality of the property. We are delighted that we are now almost fully let and are approaching the successful completion of the project. The ensemble will be subdivided and sold as planned. I would like to take this opportunity to thank everyone involved in the project for their commitment and excellent cooperation.”

David Etmenan, Chief Executive Officer & Owner of NOVUM Hospitality: “We would like to thank the DIEAG team for their professional and knowledgeable assistance throughout the leasing process. Their expertise as developers and their commitment to the location and the property were evident at all times. We now look forward to continuing our journey together as we develop our future hotel offering, which will increase our presence in the Berlin area to over 20 hotels.”

NOVUM Hospitality operates 150 hotels with over 20,000 rooms in more than 60 locations across Europe. The owner-managed hotel group has been a renowned hotel operator for 35 years and focuses its expansion on the commissioning of new buildings and the revitalisation of existing properties. In addition to its five strong own brands, NOVUM Hospitality also operates as a franchisee for internationally recognised hotel brands. The use of two different accommodation concepts at Mizar Gate Office meets the existing demand from both short and long term travellers: The lifestyle design brand “the niu” is an attractive midscale hotel concept that combines “sustainable – inspiring – urban” with the lifestyle of today’s society. The “pax” suffix in the name refers to a well-known unit of measurement in the aviation and hotel industries: the abbreviation PAX (“persons approximately”) is used to indicate the number of passengers. With modern living and working spaces, “acora Berlin Airport Living the City” offers cleverly equipped serviced apartments combined with a fully automated digital customer journey and attractive community spaces for long-term travellers.

All Mizar Gate Office buildings comply with the applicable energy standards in accordance with EnEV 2016. There are 240 parking spaces available to tenants, of which 89 are in the underground car park and 151 above ground. Berlin’s city centre and the Berliner Ring ring road are within easy reach, thanks to the city motorway and excellent public transport links. Neu-Schönefeld also benefits from the Berlin area code due to its convenient location on the outskirts of the capital. At the same time, only around 58 per cent of the usual Berlin trade tax is payable. Already now, the airport district is one of the fastest growing regions in Germany.

Judith Lenz, Your Times Real Estate, acted as broker and Hogan Lovells as legal advisor in the leasing process.

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

Press contact NOVUM Hospitality
Elena M. Jacobs
An der Alster 63, 20099 Hamburg
T+49 40 600 808 191

About Mizar Gate Office

The Berlin-based DIE Deutsche Immobilien Entwicklungs AG (DIEAG) has built the modern complex MGO, Mizarstraße 1-9, Hans-Grade-Allee 6 in Schönefeld, not far from the major airport BER, according to plans by Blumers Architekten (Berlin) and in cooperation with Ed. Züblin AG as general contractor. The three individual buildings have a total lettable area of 19,372 sqm (GIF). Building A offers 5,474 sqm of lettable space on four full storeys and an L-shaped floor plan. Building B also provides 6,968 sqm over four floors and a U-shaped layout. Building C, also with four floors and a U-shaped floor plan, has 6,931 sqm of lettable space. The third floor of both Building B and Building C is designed as a staggered floor with a wraparound roof terrace. The design of the buildings allows for a high degree of multi-tenancy, with variable floor plans ranging from 210 to 1,350 sqm or 1,900 sqm per floor.

For further information please visit: www.mizargate.de

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

About NOVUM Hospitality

Owner-managed NOVUM Hospitality is one of the largest hotel groups in Germany with currently 150 hotels (including the secured pipeline) and more than 20,100 hotel rooms in over 54 locations in Europe. Founded in 1988 and growing steadily since 2004, NOVUM Hospitality shows great dynamism under the leadership of Managing Partner David Etmenan. The hotel portfolio comprises three and four star hotels in central locations, operating under the brands the niu, Select Hotels, Yggotel, Novum Hotels, and acora Living the City. NOVUM Hospitality is also a franchisee of InterContinental Hotels Group, Accor, and Hilton. NOVUM Hospitality has been awarded an ‘A’ rating by the renowned Treugast Rating, which annually assesses the most important hotel companies in Germany.

For further information please visit: www.novum-hospitality.com



DIE Deutsche Immobilien
Entwicklungs AG

Schlüterstraße 36
10629 Berlin

+49 30 2244 505 50


DIE Deutsche Immobilien
Entwicklungs AG

Schlüterstraße 36
10629 Berlin

+49 30 2244 505 50