Berlin: PROJECT Immobilien Gewerbe AG sells new NUBIS office building

PROJECT Immobilien Gewerbe AG has sold the “NUBIS” office complex in the Berlin-Adlershof Science and Technology Park to international real estate investment manager Savills Investment Management as part of an asset deal.

Sales completion

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The new office complex is being constructed on a 8,832m² large plot in Franz-Ehrlich-Strasse 5–9 and comprises around 17,200m² of rental space across a total of three buildings with five to six floors and an underground car park. The rental spaces of the first construction phase have already been occupied. The commercial units in the second construction phase and the third and final construction phase are scheduled to be ready for occupancy in the second quarter of 2019. The occupancy rate is currently at 97 percent. Long-term tenants include international companies and service providers from the construction, catering, medical, energy and IT industries.

“The successful asset deal with Savills Investment Management affirms our decision to specialise in future-oriented sites such as the Adlershof Technology Park. We also see great development potential for commercial properties in Berlin’s B locations for the coming years”, says Patrick Will, Director of Lettings and Global Sales at PROJECT Immobilien Gewerbe AG.
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