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Sign in Sign up for a FREE subscriptionAggregate Holdings sells three further segments of Quartier Heidestrasse in Berlin for €488m
Aggregate Holdings S.A., through its subsidiary QH GmbH, has sold QH Colonnades, QH Straight and QH Crown 2 in Berlin for a gross purchase price of €488 million ($496 million). The assets are sold to a consortium led by Imfarr, a family-owned real estate development and investment office.
The three Quartier Heidestrasse (QH) segments have a combined gross construction area of 91,668 square meters (986,706 square feet) and leasable area of 52,407 square meters (564,104 square feet). The properties are already more than 65 percent completed, with remaining construction works to be completed by second quarter 2023.
The successful sale demonstrates the strong underlying value of QH as a prime asset that is located 10 minutes walking distance from Berlin’s government district. Leasing volumes continue to be strong for class A office space in top locations. In September, Aggregate leased 23,000 square meters (247,570 square feet) in QH Track to a DAX40 group that became
