...
loader image

DIEAG receives planning permission for hotel conversion of Mizar Gate Office complex

  • Refurbishment of two of three buildings for future tenant NOVUM Hospitality begins
  • Completion scheduled for Q1 2025
  • 94% occupancy in the complex, with 1,135 sqm of office space still available to let

 

The DIEAG Group (DIEAG) is commencing the conversion and expansion of two of the three properties in the Mizar Gate Office complex for hotel use by NOVUM Hospitality. Planning permission for the conversion has now been granted. The lease for 12,405 sqm in Buildings A and C was already signed in March 2023. Under the long-stay brand “acora – Living in the City,” 186 serviced apartments will be created in Building C. In Building A, 158 rooms will be realised for the lifestyle hotel “the niu Pax.” Completion and handover to the tenant is scheduled for the first quarter of 2025. Ganter Architekten, based in Bernau near Berlin, and DIEfabrik GmbH, Oldenburg, are the architects for the conversion and expansion work.

 

Maik Andrack, Head of Letting at DIEAG, says: “With the conversion of the project, which was originally planned as a pure office complex, we have reacted early to the emerging market changes and, together with the Novum Hospitality Group, are creating a sustainable tenant mix with two attractive residential concepts for the Neu-Schönefeld location.”

The complex, consisting of an office building (“Building B”) and two hotel properties (“Building A” and “Building C”), is currently 94 per cent let. Andrack continues: “The tenants in Building B include well-known companies such as Molex, Züblin, e.distherm Carrier and Swagelok, who have made a long-term commitment to the location. This leaves only 1,135 sqm of lettable space available in units of between 300 and 650 sqm, for which we are currently in promising discussions.”

David Etmenan, Chief Executive Officer & Owner NOVUM Hospitality, says: “The use of two different accommodation concepts at the Neu-Schönefeld site meets the existing demand from both short and long-term travelers. Our lifestyle brand ‘the niu’ comprises an attractive upper midscale hotel concept. Our new ‘the niu Pax’ welcomes its guests in 158 modern guest rooms. The ‘acora Berlin Airport Living the City’ offers modern living and working spaces in the form of 186 serviced apartments, combined with lively community spaces for long-term travelers. Both buildings are scheduled to open in the second quarter of 2025.”

Tenants and future hotel users will have a total of 240 parking spaces at their disposal, 89 of which are in the underground garage and 151 above ground. In addition, the connection capacities for a total of 10 dual charging points will be installed. Thanks to the city highway and well-developed public transport connections, Berlin’s city center and the Berliner Ring can be reached quickly.

Further information on the project can be found at: www.mizargate.de

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.

Download Visualizations:

  • Visualization_acora Berlin Airport_Fassade: Download
    Copyright: @DIEAG
  • Visualization_the niu Pax_Fassade: Download
    Copyright: @DIEAG


Download Photos Quotator:

  • Maik Andrack, Head of Letting at DIEAG: Download
    Copyright: @DIEAG
  • David Etmenan, Chief Executive Officer & Owner NOVUM Hospitality: Download
    Copyright: ©NOVUM Hospitality


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

Press agency RUECKERCONSULT
Christiane Schacht // Susanne Franz
Wallstraße 16, 10179 Berlin
T+49 30 28 44 987 47 //
T+49 30 28 44 987 64
dieag@rueckerconsult.de
www.rueckerconsult.de

Press contact NOVUM Hospitality:
Elena Jacobs
An der Alster 63 20099 Hamburg
T +49 40/ 600 808 – 191
presse@novum-hospitality.com
www.novum-hospitality.com

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 

Downloads

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