“Carré Charlotte” is a result of the successful cooperation of the CG Group and Kondor Wessels. On a site area of 6,293 m² on the Frauenhoferstraße 20-23 close to the Ernst-Reuter-Platz the partners are creating in two construction stages 137 high-quality apartments and an underground car park (69 car parking spaces).

The existing building has been already almost completely refurbished (the first phase). The shell of the new building has already been completed, too. Two-to-five room apartments of various sizes, ranging from 45 m² to 165 m² are being constructed over an area of 5,995 m² in the historic building and over an area of 6,965 m² in the new one. All apartments of the six- or seven-story buildings will have parquet flooring, underfloor heating in all rooms and modern bathroom fittings. All of them will have either a balcony or a terrace.

Overview
Project data and key figures
Project details
Sales volume (GDV): 33,400,000 EUR
Total area of the land: 6,293 m²
Area for rent/sale: 12,978 m²
Car parking spaces: 69 69 underground parking
Target rent: 12.19 EUR/m² from 11.00 EUR/m² to 14.50 EUR/m²
Construction period: November 2011 to July 2013
Object condition: no Information
Heating type: no information
Major Energy Carrier: no information
Energy certificate: no information
Denkmal
Object type: residential
Neubau
Object type: residential
Image Gallery
Current status rental and sale
Current state letting

Renting of apartments in the historical building and in the new one has already begun.

Current state letting
98.540145985401%
135 from 137 units are rented
Current state sale

The object was sold turnkey and fully leased to a capital investment company (Versorgungskasse).

Current state sale
100%
137 from 137 units are sold
Property specification - Micro environment / Macro environment

Berlin

Berlin is the capital city and the seat of government of Germany. The city state of Berlin is an independent federated state of Germany and is the center of the Berlin/Brandenburg Metropolitan Region. Berlin is the largest and the most populous city in Germany and the second largest city in the European Union.

Berlin is an important political, cultural, scientific and media center of Europe. The metropolis is an important traffic junction and is one of the most visited cities of the continent. Berlin’s outstanding institutions such as universities, research institutions, theatres and museums have gained international recognition. Therefore it is an attractive magnet for tourists and artists from over the world.

More than 80 percent of the companies based there are from the service sector. In particular, organic and medical technologies, pharmacy, art, media, information and communication technologies belong to the growth industries of the city. The biggest companies based in Berlin are Siemens, Deutsche Bahn and Vattenfall Europe.

Macro environment area: 892 km²
Macro environment population: 3,513,000
Macro environment population density: 4 Einwohner je km²
Macro environment unemployment rate: 11.8 %
Macro environment purchasing power: 2.7
Macro environment purchase power index: 94.5

Charlottenburg

Since 2004 the district of Charlottenburg has become significantly more attractive as a place to live again and its population has increased very much. According to the population forecasts, an increase of more than 2, 2 % is expected. The increase in population was mainly in the age groups of 65 and older and 18 to 27. A high concentration of institutions of higher education makes Charlottenburg very attractive for young people. The household structure is characterized mainly by small households.

Compared to Berlin, the district has significantly above-average purchasing power. Due to the socio-demographic trend, Charlottenburg was estimated to be an attractive place to live.

Micro environment area: 10.60 km²
Micro environment population: 120,793
Micro environment population density: 11 Einwohner je km²
Micro environment purchasing power: 3
Micro environment purchase power index: 106.1
Property environment
Distance to city centre: 1.0 km
Distance to railway station: 1.3 km
Distance to motorway: 2.4 km
Distance to nursery: 0.1 km
Distance to local public transport: 0.3 km
Distance to school: 0.2 km
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