Berlin Campus
Berlin Campus is located in Schreiberhauer Straße in the Lichtenberg district, 6km east of Berlin city centre and near the well-established Media Spree commercial centre.
Within a five-minute walk to the Ostkreuz railway station, the campus is easily accessible by the S-Bahn (local railway) as well as regional trains and buses.
Berlin Campus consists of five connected building parts with eight to 13 upper floors which are used mainly for office purposes. An underground parking garage of two levels that spans across the entire property accommodates parking spaces for 432 motor vehicles. 64 additional external parking spaces are available at the entrance area and towards the rear of the property
Berlin Campus has been occupied by Deutsche Rentenversicherung Bund (“DRV”) since its construction in 1994. There are currently five other small retail/office tenants on the ground floor.
In 2023, DRV further extended its lease until 31 December 2024 and will pay a revised rent that is approximately 45% higher than its current office rent from 1 July 2024 onwards.
The Manager will refurbish and reposition Berlin Campus into a multi-let asset if DRV leaves in December 2024.
Key Property Data as at 31 December 2023
Year of Completion | 1994 |
City Location | Berlin, Germany |
Ownership | 100% |
Land Tenure | Freehold |
Total Lettable Area | 79,097 sqm |
Parking Spaces | 496 |
Occupancy | 99.9% |
Independent Valuation | €243.1 million |
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