Hohenschönhauser TorBerlin

We see high appreciation potential in the property, which already benefits from a diverse tenant mix and optimal access to Berlin's public transportation system.

Adress: Weißenseer Weg 35, 36, 37 /
Konrad-Wolf-Straße 60, 61
Sector: Office, retail, commercial, practices, residential
Acquired: Q1 2020
Size: 19.000 sq. m.

A wide range of uses is spread over around 19,000 square meters of leasable space, including office and retail space, a gym, medical practices and assisted living. The remaining term of the leases averages 7 years.

The property, built in 1997, is located on the corner of Weißenseer Weg 35, 36, 37 / Konrad-Wolf-Strasse 60, 61 in Berlin’s Alt-Höhenschönhausen district. The streetcar stop “Weißenseer Weg”, which is located directly in front of the property, ensures a very good connection to the Berlin transport network.

At the present time, the leased space is divided between retail, office and practice space, fitness use, and, to a lesser extent, assisted living. The main tenants in the retail segment are Spielemax, Netto, and TEDi. Other tenants include Andres Industries, McFit, Johannisches Sozialwerk e. V. and Stephanus Stiftung.

We see a high potential for value appreciation in the property, which already benefits from a diverse tenant mix and optimal access to Berlin’s public transport system. The planned optimization and modernization of the existing office space and revitalization of retail space offer attractive growth prospects for us.
The existing, flexible rental space allows for a wealth of office concepts ranging from modern open-office spaces to classic cubicle offices, making it attractive for a wide range of user groups. In addition to upgrading the exterior and common areas, we will also invest in the building fabric.

Location

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