Ivanhoé Cambridge has acquired Alte Post Quartier, a mixed-use inner-city project in Neukölln, a bustling borough in Berlin.
The asset of more than 16,000 square meters (172,000 square feet) comprises offices (the vast majority of which have already been fully renovated), new residential apartments (currently under construction) and services such as a restaurant, a gym and storage facilities. Commodus, co-investor in the transaction, will act as asset and development manager, overseeing the project.
In line with Ivanhoé Cambridge’s commitment to revitalize neighborhoods and create unifying spaces where occupants can live, work and play, Alte Post Quartier is located in the center of Berlin Neukölln, a fast-growing cosmopolitan area that has seen considerable development in recent years. The district is a popular choice for young executives, who appreciate its wide variety of housing, jobs, retail and leisure offerings in a vibrant and international neighborhood.
