CA Immo signs 15-year lease for its 34,850 sqm Landmark development in Berlin
- With the signing of the lease, the prestigious Upbeat office complex in Berlin's Europacity is 100% pre-let.
- CA Immo's total investment, including land, is around €300m, with construction expected to begin the second half of 2021 for completion in 2025.
- The property is leased exclusively to leading investment-grade financial institution Deutsche Kreditbank AG (DKB).
CA Immo has finalised a long-term lease agreement with Deutsche Kreditbank AG (DKB) for their prestigious 34,850 sqm Upbeat office building in Berlin's Europacity. Employing the latest technology for operational efficiency and security, this new generation of healthy and sustainable office space is expected to achieve at least DGNB (Gold), WiredScore(Platinum) and WELL (Gold) certifications.
Andreas Quint, CEO of CA Immo: "Upbeat will be a prominent addition to the Berlin skyline as well as CA Immo's tenth office development in Berlin's Europacity submarket. We are delighted DKB has placed its trust in us to make their new corporate headquarters a reality. Our key concern with this rental property was designing an office space that was responsive to the user, smart and secure, and environmentally sustainable and healthy.”
DKB is a leading retail and commercial bank founded in 1990. With over 4.6 million customers and a business model of sustainability through innovative online banking, it is now the second-largest direct bank in Germany. It will be moving its headquarters to Upbeat as soon as the complex is completed. The law firm P+P Pöllath + Partners, the tax accounting firm mbB, and the real estate consultants Savills Immobilien Beratungs-GmbH advised DKB on the lease.
Stefan Unterlandstättner, CEO of DKB: "DKB has grown steadily since 1990 and maintained close ties with the capital Berlin for decades. The DKB complex is a milestone in the growth of the business and our transformation into a technology company. As one of Berlin's largest employers, we recognise we have a responsibility to the city and remain committed to it as a business location, now and in the future. Cutting-edge architecture plus sustainable space and energy concepts equal a smart work environment. So, we're looking forward to moving into our new headquarters in 2025!"
With a current portfolio of 15 buildings with a combined rental area of 210,809 sqm and two buildings currently under construction (excluding Upbeat) with a rental area totalling 36,206 sqm, CA Immo in Berlin has a long and successful track record of developing modern, sustainable office space – particularly in Berlin's Europacity submarket. With the launch of this development, CA Immo is taking a further step in its market expansion strategy and investment programme, setting a course for continued growth in recurring income while steadily improving the quality of the existing portfolio.
Upbeat – Project highlights
Upbeat represents an excellent prelude to the development of the Europacity submarket in Berlin. The building boasts high visibility and excellent accessibility. The significant investments in infrastructure and high-quality residential and commercial space in Europacity have transformed the location into a dynamic and much sought-after environment for work, leisure, culture, and living.
Designed by renowned Berlin architects Kleihues + Kleihues, Upbeat features modern and organic architecture, three elegant building sections of various heights, expansive roof terraces and a spacious and open light-filled lobby. Capitalising on the site's topography allows the building to feature a big underground car park and delivery access which is separate from the main public entrance on Heidestrasse. A side entrance will provide driveway access for taxis and cars.
The building allows for various office concepts ranging from the traditional cubicle layout to creative mixed-use and open space concepts. Due to this high degree of flexibility, spaces can easily be adapted to meet the requirements of future tenants as office concepts continue to evolve.
The building's concept and design place the health and well-being of the tenants at the top of the list of priorities by providing the highest standards in ventilation systems and air hygiene, among other things. As a result, CA Immo will seek a WELL Core Gold Certificate for the building.
Strict criteria for compliance around sustainability and energy consumption are also critical factors for the Upbeat project. As with all CA Immo building projects, Upbeat's primary energy demand will be significantly lower than the requirements set out in the new German Buildings Energy Act (GEG). To this end, CA Immo is developing, among other things, an energy concept for the future that uses both renewable energy sources and innovative energy systems. Upbeat aims to receive at least gold certification from the German Sustainable Building Council (DGNB).
Based on the lessons learned from the cube berlin project on Washingtonplatz, developed and built by CA Immo and considered one of the most technologically advanced buildings in Europe, Upbeat will also have extensive digital, interconnected features. The building will also deliver excellent, fail-safe connectivity, for which CA Immo is seeking a WiredScore Platinum Certificate.
CA Immo is investing around €300m, including land, in the development and marketing of Upbeat.
Facts & Figures
Address: Perleberger Strasse/Heidestrasse, 10557 Berlin
Building type: staggered tower block
Primary use: office
Highest point: 82 metres
Floors: 5, 11 and 19 in three interconnected buildings
Gross floor area: around 47,800 sqm (around 38,000 sqm above ground, around 9,800 sqm