Dutch-German developer joint venture OVG Bischoff has sold a 30,000 m2 office and commercial project in Berlin to two UK pension funds.
Dutch-German developer joint venture OVG Bischoff has sold a 30,000 m2 office and commercial project in Berlin to two UK pension funds.
The property, named HumboldHafensEins, is located in Berlin-Mitte and is let to professional services firm PwC.
OVG Bisschoff did not disclose the transaction volume, the identity of the buyers or their country of origin. But PropertyEU has established that the pension funds are from the UK and the development costs for the project come to €135 mln.
The office and commercial building, directly adjacent to Berlin central station and the River Spree, was designed by architects KSP Jürgen Engel. It comprises 30,000 m2 of office space and 300 underground parking spaces.
HumboldtHafenEins received a DGNB Gold precertificate in October 2012, making it one of the top five sustainable office buildings in Germany, OVG Bischoff said. Delivery of the project is slated for the second quarter of 2015.
Managing partners Coen van Oostrom (OVG) and Jürgen Bischoff (B&C) founded OVG Bischoff with headquarters in Berlin in September 2012. The joint venture specialises in the development of commercial property in Germany, especially office buildings that comply with the the latest innovation and sustainability standards.
