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New airport in Berlin expected to prompt real estate growth
Transactions - OCTOBER 9, 2020

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New airport in Berlin expected to prompt real estate growth

by Released

The new Berlin-Brandenburg International (BER) airport is expected to bring tangible growth in 34 commercial locations in the vicinity, ushering in brisk growth in real estate prices and commercial rents to the southeast corner of Berlin, according to Ruecker Consult.

According to a survey that PRS Family Trust GmbH commissioned from Wuest Partner Deutschland, prices for development land in the direct vicinity of the airport have increased by 60 percent since 2018. Oliver Igel, mayor of Treptow-Kopenick, expects to see 40,000 new residents in the region immediately surrounding the airport, as well as 120,000 new residents in Berlin.

Ruecker Consult noted the growing demand for office accommodation is reflected in property and land developments, and demand is particularly strong among technology companies.

For example, the science and technology park in Berlin-Adlershof — the largest of its kind in Germany — houses some 1,200 businesses and scientific institu

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