HighBrook Investors and an affiliate of BATO Group Real Estate Investments GmbH have acquired a landmark office property next to Treptower Park and within a few blocks of Berlin’s Media-Spree submarket.
Schuckert Höfe, located at Am Treptower Park 28–30, is an ensemble of heritage buildings with unique character and rich industrial history that were originally constructed in the late 19th century and expanded throughout the 20th century. The property currently houses more than 20,000 square meters (215,000 square feet) of predominantly office floor space and has a preliminary building permit to build in excess of 10,000 square meters (108,000 square feet) of additional commercial space.
Schuckert Höfe, brought back to life as an office campus and partially refurbished a decade ago by the previous owners, will undergo a further revitalization program envisaging a new master-planned office campus concept. It will include a substantial refurbishment of the existing