Ca Immo signs 15 year 34,850 sqm lease in landmark Berlin development project

  • Upon signing, the prime "Upbeat" office development project in Berlin's Europacity, is now 100% pre-leased
  • CA Immo's total investment by CA Immo, including the land, amounts to around € 300m. Construction is expected to start in the second half of 2021 and be complete in 2025.
  • Fully leased to the investment grade leading financial institution Deutsche Kreditbank AG

 

 

Vienna/Berlin, March 10th, 2021 – CA Immo has signed a long-term lease agreement with Deutsche Kreditbank AG (DKB) for 34,850 sqm of rental space in the landmark office development Upbeat in Berlin’s Europacity. Upbeat is being developed as a premium, innovative, green, healthy, safe office building with cutting edge levels of technological sophistication and sustainable operations, and targeted to have at least DGNB (Gold), WiredScore (Platin), and WELL (Gold) certifications.

 

Andreas Quint, CEO of CA Immo: “Upbeat will be CA Immo’s 10th office development in Berlin’s Europacity submarket, and a new landmark building that forever changes Berlin’s skyline. We are delighted that DKB have put their trust in CA Immo to deliver their new corporate headquarters, and believe this landmark lease is proof of concept in our focus on investing, managing, and developing modern urban offices with a focus on user-centric comfort and design, green, healthy, safe space, and emphasis on smart and sustainable real estate.”            

 

 As one of the leading retail and commercial banks, DKB has been successful on the market since 1990. With over 4.6 million customers, the second largest direct bank in Germany relies on smart online banking in combination with a sustainable business model. After completion of the Upbeat building, DKB will move its Berlin headquarters to the property. DKB was advised by the law firm P+P Pöllath + Partners Rechtsanwälte und Steuerberater mbB and Savills Immobilien Beratungs-GmbH on the conclusion of the lease.  

 

Stefan Unterlandstättner, CEO of DKB: “DKB has grown steadily since its foundation in 1990 and has been closely connected to the capital Berlin for decades. The DKB Campus is another historic milestone for us. It stands for our growth course and the transformation of DKB into a technology company. As one of the largest employers in Berlin, we take responsibility and continue to commit ourselves to Berlin as a location today and in the future. State-of-the-art architecture combined with a sustainable space and energy concept create smart working environments. We are looking forward to 2025!”

 

With an existing portfolio of 15 buildings, totaling 210,809 sqm of GLA, and active development pipeline of two projects totaling 36,206 sqm of GLA under construction (excluding Upbeat) in Berlin, CA Immo has a long and successful track record of developing modern sustainable office especially in Berlin’s Europacity submarket. With start of this development, CA Immo takes another step in its core market expansion strategy and capital investment program, setting the path for continued growth of recurring earnings while improving the underlying quality of the portfolio.

 

Upbeat – Development Highlights

Upbeat occupies a prime location at the northern edge of Berlin’s Europacity submarket, with unrivaled visibility and access. Europacity has seen significant recent investment in infrastructure as well as high quality residential and commercial space, and the location has evolved into an attractive and dynamic environment for work, leisure, culture, and living.

 

Designed by the renowned Berlin architects Kleihues + Kleihues, Upbeat’s modern and organic architecture features three different building height levels, extensive roof terraces, and a grand, open, transparent lobby. Taking advantage of the site’s topography, the basement level allows for delivery entrance separate from any public access, and a generous parking garage. The building will feature one main public entrance directly from Heidestrasse, and a secondary entrance with a driveway for taxi / drop off.

 

The building's flexible floor plans allow for efficient office concepts ranging from cellular office through to open space and combined areas, and the ability to adapt to future requirements as the way traditional office space is used evolves.

 

Upbeat has been designed with a priority on health and wellbeing. Upbeat’s design for example incorporates a high standard of ventilation systems an air hygiene. Accordingly, CA Immo will seek WELL Core Gold certification for the building.

 

In terms of energy, high sustainability criteria are also taken into account in the realisation of the Upbeat. As with all of CA Immo's project developments, the relevant GEG benchmark values for primary energy requirements will be significantly undercut. To this end, CA Immo is developing, amongst others, a future-oriented energy concept that uses both renewable energy sources and innovative energy systems. Certification by the German Sustainable Building Council (DGNB) is targeted at least in gold.

 

Taking the learnings from the cube berlin development built by CA Immo and considered to be one of the most technologically advanced buildings in Europe, Upbeat will have extensive digital credentials. In addition, the building will have excellent, fail-safe connectivity. For this purpose, a WiredScore certificate in platinum is being sought.

 

In total CA Immo expects to invest around € 300m including the land in the development and commercialization of Upbeat.

 

Upbeat – Facts and Figures

Address: Perleberger Str./Heidestrasse, 10557 Berlin
Type of building: Staggered high-rise
Main type of use: Office
Office Height: Highest point of 82 metres
Floors: 5, 11, and 19 across three connected buildings
Gross floor area: aprrox. 47,800 sqm (above and below ground)
Leasable area: 34,850 sqm

Target certifications
Sustainability: min. DGNB Gold
Well Being: WELL Core Gold
Connectivity: WiredScore Platinum

Planned start: 3rd quarter 2021
Planned completion: 4th quarter 2025