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Project developer DIEAG signs €82 million financing agreement for new Equalizer office building in Berlin

  • Lending bank is Hamburger Sparkasse
  • Investment manager Empira Group acted as debt advisor
  • Construction of the 13,000 sqm office building scheduled to start in the coming months

 

DIE Deutsche Immobilien Entwicklungs AG (DIEAG) has signed a project financing agreement for approximately €82 million for its new Equalizer office building at Landgrafenstraße 3-4 in Berlin’s City West. The lending bank is Hamburger Sparkasse. The Empira Group acted as debt advisor and organised the development finance for the pro-rata refinancing of the land purchase and the new construction of the sustainable office ensemble within three months.

Richard Pail, Managing Director of DIEAG Investmentmanagement, comments: “We are delighted to have secured the financing for our new office building in Berlin in a difficult market situation. The Equalizer is a project that stands out for its sustainable concept, exceptional architecture and central location.” Pail adds: “Special thanks also go to our debt advisor, Empira, who provided optimal support during the financing process, and to our financing partner, Hamburger Sparkasse for their professional and constructive cooperation. The keen interest shown by banks also highlights that ESG-compliant new office buildings can currently be financed on attractive terms.”

The Equaliser was designed by the renowned architectural firm kadawittfeldarchitektur and is being built by DIEAG, which is acting as project developer and asset manager. The general contractor Ed. Züblin AG has been commissioned with the realisation of the project. Approximately 13,000 sqm of attractive office space with a high quality of stay will be created. The building will feature low energy consumption and excellent comfort, including ventilated ceiling systems with heating and cooling functions and an aluminium pilaster strip façade with a vertical structure made of recycled aluminium. There are also 80 bicycle parking spaces and electric car charging points in the underground car park. DIEAG is aiming to achieve DGNB Gold certification for the new Equalizer office building. Construction is due to start in the coming weeks and is scheduled for completion in early 2026.

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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