Laying of the Foundation Stone for CA Immo´s Sustainable Office Tower in Berlin´s Europacity
- CA Immo is realising the office building “Upbeat” as an innovative, sustainable and future-proof property. A WiredScore Platinum certification for best connectivity has already been awarded. Further certifications according to DGNB and WELL, each at least in Gold, are planned.
- The building is already 100% pre-let. The exclusive tenant is Deutsche Kreditbank AG (DKB), which has been based in Berlin for over 30 years.
- 15-year lease agreement contributes significantly to stabilising CA Immo's sustainable recurring income (FFO 1) from 2026 onwards
Vienna/Berlin, 12.09.2023 - Today, together with the Governing Mayor of Berlin, Kai Wegner, members of the Bundestag and the Berlin House of Representatives as well as representatives of the investor and project developer CA Immo and the future exclusive tenant Deutsche Kreditbank AG (DKB), the ceremonial laying of the foundation stone for the Upbeat high-rise complex in Berlin's Europacity took place. The building complex will have around 35,000 m² of rental space. CA Immo is developing the high-quality office tower in close cooperation with DKB as a consistently sustainable and fully digitalised property. CA Immo's total investment amounts to approx. 300 m euros. Construction of the complex is scheduled for completion at the turn of 2025/2026.
The Governing Mayor of Berlin, Kai Wegner: "I am very pleased to be able to be present at the laying of the foundation stone for the Upbeat. The Upbeat forms the northern entrance to Europacity - one of the most exciting new quarters in our city. In the near future, a modern business district with international appeal will be established here. The Upbeat is a real flagship. In close cooperation with the state of Berlin, the developer CA Immo has not only decisively advanced the office building, but also the planning beyond it in the Europacity."
Keegan Viscius, CEO of CA Immo: "Today's laying of the foundation stone for the Upbeat shows that the office will continue to play an essential role for companies and their employees in the future. The office will remain the central place for collaboration, communication and knowledge transfer. We are therefore very pleased to have won DKB, a modern, strongly future-oriented company, as a tenant. Together with DKB, we are implementing an equally innovative and sustainable building and space concept with the Upbeat. The Upbeat is already our tenth building in the Europacity. Berlin is one of the most attractive real estate markets in Germany and our early strategic focus on this market has once again proven to be correct with the conclusion of the 15-year lease for this building. With completion at the turn of 2025/2026, the Upbeat will make a significant contribution to our rental income and also further improve our key figures - e.g. FFO 1 - significantly."
Stefan Unterlandstättner, CEO of DKB: "For DKB, the city of Berlin is and will continue to be the pulsating heart and engine of our entrepreneurial drive. With the DKB Campus, we are ushering in a new era for the future of one of the capital's largest employers and, with this decision, are committing ourselves to the regional business location. The symbiosis between state-of-the-art working environments and high sustainable efficiency of the building symbolises our claim to combine digital excellence with our pioneering role as the most sustainable bank among the top 20 in Germany in one physical hub. Our employees can look forward to a new headquarters that promotes the further development of our corporate culture and enables new forms of joint encounters."
Upbeat - Highlights of the development
Upbeat marks the urban prelude to Europacity in a prime location that is visible from afar. With a height of up to 82 metres, Upbeat towers over the neighbouring buildings by a good 30 metres. In addition to its high visibility and its style-defining architecture, the building also impresses with its very good accessibility. In Europacity, considerable investments have recently been made in the infrastructure as well as in high-quality residential and commercial space, and the location has thus developed into an attractive, dynamic and preferred environment for work, leisure, culture and living.
Designed by the renowned Berlin architects Kleihues + Kleihues, Upbeat features modern and organic-looking architecture with three different building heights, spacious roof terraces and a large, open and transparent lobby. The basement takes advantage of the site's topography and allows for a delivery zone separated from the public as well as a spacious underground car park. The building has both a public main entrance directly from Heidestraße and another entrance on the western side of the building with a taxi entrance.
The building's flexible floor plans allow for efficient office concepts ranging from cubicle offices to combined solutions and open space concepts. The high flexibility of the spaces makes them easy to adapt to future tenant requirements as the way traditional office space is used evolves.
During the development of the Upbeat, high priority was given to the health and well-being of the tenants. Among other things, the concept provides for the highest standards in ventilation systems and air hygiene. Accordingly, CA Immo will seek WELL Core Gold certification for the building.
In terms of energy, too, high sustainability criteria are being observed in the realisation of the Upbeat. As with all CA Immo project developments, the GEG reference values for primary energy requirements will be significantly undercut. To this end, CA Immo is developing, among other things, a future-oriented energy concept in which both renewable energy sources and innovative energy systems are used. Certification by the German Sustainable Building Council (DGNB) in at least gold is being sought.
Based on the lessons learned from the cube berlin on Washingtonplatz, developed and built by CA Immo and considered one of the most technologically advanced buildings in Europe, Upbeat will also have extensive digital, interconnected features. In addition, the building will have excellent, fail-safe connectivity. For this, Upbeat has already been awarded the international WiredScore platinum certificate.
CA Immo is investing a total of around € 300 m, including land, in the development and marketing of Upbeat.
CA Immo's commitment in Berlin
With an existing portfolio of 16 buildings with a total rental area of around 221,000 m² and a development pipeline currently comprising two projects with a total rental area of around 58,000 m² under construction, CA Immo in Berlin has a long and successful track record of developing modern, sustainable office space - particularly in Berlin's Europacity submarket. With the launch of this development, CA Immo is taking a further step in its market expansion strategy and investment programme, setting the course for continued growth in recurring income while steadily improving the quality of the existing portfolio.
Facts & Figures
Address: Perleberger Str./Heidestraße, 10557 Berlin
Type of building: Staggered high-rise
Main use type: Office
Highest point: approx. 82 metres
Floors: 5, 11 and 19 floors
Gross floor area: approx. 48,000 m² (above ground: approx. 38,000 m², below ground: approx. 10,000 m²)
Rental space: approx. 35,000 m²
Sustainability: min. DGNB Gold (aspired)
Well-Being: WELL Core Gold (aspired)
Connectivity: WiredScore Platinum
Planned construction completion: Turn of the year 2025/2026
CA Immo in Berlin
As at 30 June 2023, CA Immo's Berlin portfolio comprised 16 buildings with around 221,000 m² of rental space, an occupancy rate of 98 %, gross annual rental income of around € 39 m and a book value of around € 940 m. In addition, there are currently two active development projects under implementation with a total of around 58,000 m² of gross floor space, total costs to completion including land of € 451 m and a land reserve ("Landbank") with a book value of € 102 m.
Deutsche Kreditbank AG (DKB), headquartered in Berlin, is part of the BayernLB Group and serves business and private customers with its more than 5,000 employees. With total assets of 118 billion euros (as of June 30, 2023), it is one of the top 20 banks in Germany. Around 5.4 million people are DKB customers. They conduct their banking transactions conveniently and securely online. DKB's industry experts provide personal support to business customers at 26 DKB locations throughout Germany. As a partner to companies and municipalities, the bank specialized early on in promising sectors in Germany: Housing, health, care, education, agriculture, infrastructure and renewable energies. DKB attaches great importance to sustainable action: As a #geldverbesserer, it therefore focuses on a sustainable lending business.
Printable images of the Upbeat project can be downloaded from the Press section of the online image archive on the CA Immo website using the keyword "Upbeat" or by clicking on this link.