Cooperation between the CG Group and Kondor Wessels enters a third round: the two successful enterprises teamed up for the Carré Charlotte project and are set to start a third residential complex shortly. October 2012 will see the start of construction for Carré Raimar, comprising 209 apartments
with over 17,200 square metres of residential space. In addition, the complex will contain 1,100 square metres of commercial space and an underground car park with 128 parking spaces, with a total investment volume of € 60 million.

The history of the sites and buildings always forms the basis for the project development. This often means interpreting the historical elements in today’s context, and sometimes involves simply copying a century-old concept.

In case of Carré Raimar in Berlin-Charlottenburg, which is located on block surrounded by Wilmersdorfer Straße, Bismarckstraße and Rückertstraße, there is a double reference to history. The project firstly gives back to the city what it lost through demolition as a result of war damage sixty years ago, in particular wonderful interior court yards. A bare wall facing Rückertstraße is currently the only reminder that part of the carré was originally located here. At the moment, there is a car park on the open area behind an ugly wall. The gap will be closed in future, and the block will once again be completed. This is the optimal solution for this micro-location in the immediate neighbourhood of the Wilmersdorf-Arkaden and other infrastructure from which future residents will benefit.

The second historical reference is the name Carré Raimar itself. This is derived from of the pseudonyms of Friedrich Rückert, an 19th Century German poet who also published under the name of Freimund Raimar. Rückert was also interested in aesthetics and was a member of the Freemason’s Lodge Karl zum Rautenkranz. Rückertstraße, in which Carré Raimar will be constructed as a new building, inspired the CG Group to name its property in this way, bearing homage to Rückert and Berlin. Construction will commence in Autumn 2012. The site comprises 9,500 square metres of space, currently occupied by the car park and two historic listed buildings. The existing old building on Bismarckstraße is currently the subject of predominantly commercial use. In future, attractive commercial premises will be located on the
ground floor and the first floor, whereas the other upper floors will be devoted to high-quality apartments. The remaining open area will be filled by new buildings as part of the project planned by the Leipzig Architects Fuchshuber and Peter Homuth in conjunction with the Architect Ivan Reimann of Müller Reimann in Berlin. This Berlin prime location will command net rents of between 11€ and 14€.

Project data and key figures
Project details
Sales volume (GDV): 60,330,000 EUR
Total area of the land: 7,163 m²
Area for rent/sale: 18,300 m²
Car parking spaces: 128 128 underground parking
Target rent: 14.50 EUR/m² from 12.00 EUR/m² to 15.00 EUR/m²
Construction period: October 2012 to October 2015
Year of construction: 2015
Object condition: First time use
Heating type: Central heating
Major Energy Carrier: district heating
Energy certificate: energy certificate required
Energy consumption: 98 kWh/(m²*a)
Object type: residential
Object type: residential
Neubau - Gewerbe
Object type: residential
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Current status rental and sale
Current state letting

Letting of apartments has started.


Current state letting
209 from 209 units are rented
Current state sale

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

Current state sale
209 from 209 units are sold
Property specification - Micro environment / Macro environment


Berlin, capital of the Federal Republic of Germany, with over 3.5 million inhabitants, the most populous and with 892 square kilometers, the largest city in Germany and after inhabitants the second largest city in the European Union. It forms the center of Berlin / Brandenburg Metropolitan Region (6 million inhabitants) and is divided into twelve districts. Berlin is a world city in terms of culture, politics, media and science, as well as a transport hub in Europe.

Berlin has 2004-2010 steady population growth -with the exception of 2009- on. In addition to the positive and steadily increasing development of the natural population balance, it is above all the particularly since 2011 continuously high surplus of approx. 30,000 immigrants a year, leading to a positive overall development contributes (population growth in the past decade by 5.9%). A population increase will continue predicts the federal capital. The Berlin Senate Department for Urban Development expects a further growth of around 11 percent to 2030th.

Berlin is the up and coming European city in recent years. The megacity is after decades of division once again become an important economic center in the metropolitan region of Berlin-Brandenburg and the hinge between Western and Eastern Europe. Berlin has as a "world city" in terms of art, culture, politics, media and science both nationally and internationally a strong magnetic effect on young, urban and creative groups, which leads to large immigration and diverse, vibrant neighborhoods. Hardly any other city has also in recent years as strong interest from international investors to be drawn as Berlin. One related to the growing economy growing population and increasing purchasing power, and indeed increased, is still low compared with international cities property prices play an important role.

Macro environment area: 892 km²
Macro environment population: 3,513,000
Macro environment population density: 3,838 Einwohner je km²
Macro environment unemployment rate: 9.7 %
Macro environment purchasing power: 2851
Macro environment purchase power index: 91.6

Charlottenburg (city-west)

Charlottenburg is traditionally a popular Berlin residential location due to its central location in the urban area, the very good infrastructure and attractive Wilhelminian quarters. In particular, the Kurfürstendamm environment has a high prestige factor has always been. After the western city had initially lost after reunification in importance, a renaissance of the City-West in the past few years can be seen. These developments also radiate to the somewhat more distant from the Ku'damm documents how the project site to be assessed, from. Simultaneously, the project area is located in a total of less prestigious part of Charlottenburg. It outweigh middle and good locations in the vicinity.

The social structure in the district can be assessed as moderate to good. Is characterized by the positive population development. The inner-city location corresponding live in the district over-average number of singles. The district is characterized by a slightly younger population structure, particularly the age groups 18 to 45 years, and slightly below-average purchasing power.

Micro environment area: 106.00 km²
Micro environment population: 120,793
Micro environment population density: 4,671 Einwohner je km²
Micro environment purchasing power: 3,079
Property environment
Distance to city centre: 2.0 km
Distance to railway station: 2.0 km
Distance to motorway: 1.0 km
Distance to nursery: 0.5 km
Distance to local public transport: 0.1 km
Distance to school: 0.9 km
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