CBRE Global Investors buys residential asset from Hines

CBRE Global Investors, on behalf of one of its pan-European strategies, has acquired the Südkreuz Quartier in Berlin. The vendor was a joint venture between a pension scheme (Pensionsfonds) and Hines. The residential quarter was completed last year and comprises 36,975 square meters (397,996 square feet) across 11 buildings.

The quarter in the Schöneberg district offers a range of different housing types. Of the 664 residential units, 213 are micro-apartments, 116 are subsidized and the remainder are in the free rental segment. The quarter also includes a children’s nursery, several playgrounds, climbing walls, a gym, a roof garden, workshop spaces, co-working areas, a fully equipped music room, a café, a multifunctional pavilion and 166 parking spaces. In addition, there is an extensive sharing offer in the area, which includes e-mobility (e-cars and e-bikes), as well as parking spaces for more than 1,000 bicycles, including a repair shop for bikes.

Sebastian Ehr