LIVING BETWEEN RESEARCHERS AND FINANCIAL EXPERTS
Joseph von Fraunhofer laid the foundation for spectrometry with his experiments in light diffraction. He is the namesake of both the Fraunhofer Society and the Fraunhoferstrasse near Ernst-Reuter-Platz. The CG Group is developing a residential complex at Fraunhoferstrasse 29 next to the TU Campus Charlottenburg–one of the largest inner-city university locations in Europe with roughly 15,000 staff members. Located between Otto-Suhr-Allee and Fraunhoferstrasse, the nearby Deutsche Bank Campus will employ 2,500 by 2017.

The current design by architects at the offices of Hemprich Tophof presents an eight-storey complex with large glass surfaces and a slightly curved U-shape that opens to the south with wave-like balconies.

Overview
Project data and key figures
Project details
Sales volume (GDV): 56,596,000 EUR
Total area of the land: 4,283 m²
Area for rent/sale: 11,054 m²
Car parking spaces: 52 52 underground parking
Target rent: 16.50 EUR/m² from 14.00 EUR/m² to 19.00 EUR/m²
according to features, size and location
Construction period: October 2017 to June 2020
Year of construction: 2019
Object condition: First time use
Heating type: Central heating
Major Energy Carrier: district heating
Energy certificate: energy certificate required
residential
Object type: residential
Area: 10,897 m²
Units: 141 (35–161 m²)
commercial
Object type: commercial
Area: 157 m²
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Current status rental and sale
Current state
Planning phase
Building pit
Building shell
Ready for occupancy
Completion
Current state letting

The rental starts in the construction phase.

Current state letting
0%
0 from 147 units are rented
Current state sale

The property will be sold turnkey and fully leased to a capital investment company (Versorgungskasse).

Current state sale
100%
147 from 147 units are sold
Property specification - Micro environment / Macro environment

Berlin

With an area of 892 km² and over 3.6 million inhabitants, Berlin, the Federal Republic of Germany’s capital, is its largest and most populous city, and the European Union’s second largest in terms of population. It forms the centre of Berlin-Brandenburg Metropolitan Region (6 million inhabitants) and is divided into twelve districts. Berlin is a global city in terms of culture, politics, media and science, as well as a main transport hub in Europe.

With the exception of 2009, Berlin saw steady population growth from 2004-2010. In addition to the positive and steadily increasing development of the natural population balance, it is primarily the influx of approximately 30,000 immigrants per year, particularly since 2011, which contributes to the positive overall development (5.9% population growth in the past decade). The federal capital predicts the population increase will continue, and the Berlin Senate Department for Urban Development expects a further growth of around 8 percent by 2030.

Berlin has been the up-and-coming European city in recent years. After decades of division, the megacity has once again become an important economic centre in the Metropolitan Region of Berlin-Brandenburg, and the hinge between Western and Eastern Europe. As a "global city" in terms of art, culture, politics, media and science, Berlin has, both nationally and internationally, a strong magnetic effect on young, urban and creative groups, giving rise to high immigration rates and diverse, vibrant neighbourhoods. Hardly any other city has piqued the interest of international investors so sharply like Berlin has in recent years. Relative to the expanding economy, the growing population and the increasing purchasing power, the property prices, while indeed also rising but still low when compared to other metropolises, play an important role here.

Macro environment area: 892 km²
Macro environment population: 3,610,000
Macro environment population density: 4,047 Einwohner je km²
Macro environment unemployment rate: 9.5 %
Macro environment purchase power index: 91.4

Charlottenburg (city-west)

Charlottenburg is traditionally a popular neigbourhood due to its central location in Berlin’s urban area, very good infrastructure and its attractive Gründerzeit quarters. In particular, the area around the Kurfürstendamm has always maintained a high prestige factor. Shortly after Germany’s reunification, the western part of the inner city lost a bit of significance; however, in recent years a renaissance of the City-West has revealed itself. These developments also radiate out to the areas somewhat more distant from the “Ku'damm”, such as that of the project site. At the same time, the project area is located in an allover less prestigious part of Charlottenburg—average and above-average locations predominate the area.

Charlottenburg’s social structure is considered moderate to good; the area is highlighted by its positive population development. An above-average number of singles live in the area near to the inner city; and the neighbourhood is characterised by a slightly below-average purchasing power and a relatively younger population structure, particularly age groups between 18 and 45 years.

Micro environment area: 65.00 km²
Micro environment population: 326,354
Micro environment population density: 5,043 Einwohner je km²
Micro environment purchase power index: 106.0
Property environment
Distance to city centre: 1.5 km
Distance to railway station: 1.5 km
Distance to motorway: 2.5 km
Distance to nursery: 0.1 km
Distance to local public transport: 0.3 km
Distance to school: 0.2 km
Contact
Contact Persons

Klaus Hüpping
klaus.huepping@cg-gruppe.de

Contact Details

CG Gruppe AG
Wilmersdorfer Str. 39
10627 Berlin

Any Questions?

Call us: +49 (0)30 85 74 736 - 53

Letting: +49 (0)30 93 62 72 83

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