News/Real Estate Finance

Consortium led by Deutsche Hypo finances Quartier Heidestrasse for € 296 million in Berlin

Deutsche Hypothekenbank, together with ERGO Group, DZ HYP AG and Volksbank eG – Die Gestalterbank, Offenburg/Villingen, is financing four mixed-use properties in the newly developing Heidestrasse quarter in Berlin for Aggregate Holding. This financing is the first project development to be presented together with an insurance company. ERGO Group and DZ HYP are acting as co-arrangers and Deutsche Hypo as arranger. The financing amount of € 296 million will be made available over a term of just over two years.

The Quartier Heidestrasse comprises a total of seven interconnected building complexes and is located in the immediate vicinity of Berlin’s main railway station in the new “Europacity” in the direct vicinity of the government quarter. On the site of the former container railway station, a new, lively and versatile quarter is being created on a large area. In addition to the pedestrian connection to local transport, the location scores for its proximity to the city motorway, City West and the Mitte district. The four financed properties Crown II, Straight, Colonnades and Spring comprise a total of 72,383 square metres and impress with an intelligent, urban mix of residential, office and commercial space. A hotel, nursery areas, cafés and restaurants as well as green retreats round off the offer and ensure a lively combination of living, working and leisure. Residential space for rent accounts for the largest share. In addition to the focus on coherent, diverse and modern architecture, great importance was attached to digital and energy-efficient solutions. Completion is expected in 2023.

“This quarter development is particularly convincing due to its sustainable concept. A living space is being created here that allows plenty of room for meeting and exchanging ideas and optimally combines living and working,” explains Andreas Rehfus, Member of the Board of Managing Directors of Deutsche Hypo. “Together with our consortium partners, we are pleased to support our clients Aggregate Holdings S.A., the project developer TAURECON Real Estate Consulting GmbH and Drees & Sommer Projektmanagement und bautechnische Beratung GmbH in this financing, which is undoubtedly one of the largest urban developments in Berlin today.”

A visualisation of the financed property is available for download. Please quote “TAURECON” as the source.