German developer Hochtief has sold an office development in the Mitte district of Berlin to two church organisations for EUR 65.4 mln.
German developer Hochtief has sold an office development in the Mitte district of Berlin to two church organisations for EUR 65.4 mln.
The two church bodies - the social arm of the Protestant Church (Diakonisches Werk) and the Protestant Church Development Service (Evangelischer Entwicklungsdienst) - will move into the property in October 2012 following a merger.
The property is currently being developed and will offer 23,000 m2 on seven storeys. It will provide office space for about 640 employees, as well as conference rooms, a chapel, and a corporate restaurant. A public café and retail outlets are planned for the ground floor.
The scheme, which will be known as Haus des Evangelischen Werks für Diakonie und Entwicklung, will target a 'Gold' rating under DGNB environmentally-sustainable standards.
