German real estate investor Aggregate Holdings has acquired the Fürst Project on Berlin’s Kurfürstendamm.
The project, which is being undertaken by Cells Group, is expected to be worth €2.5 billion ($3 billion).
Located on the site of the Ku’damm-Karree at Kurfürstendamm 206–209, on one of Berlin’s busiest streets, the project has a gross construction area of approximately 183,000 square meters (1.97 million square feet), about 60 percent of which will be office and co-working space.
A subsidiary of Corestate, Aggregate Financial Services (AFS), which Corestate acquired two weeks ago and which will operate as Corestate Bank in future, is financing the transaction.
