THOMAS DAILY

Property Investment News Germany

Berlin: Topping-out ceremony for shopping center at Tempelhofer Hafen

The topping-out ceremony will be celebrated shortly for the shopping and leisure center at Tempelhofer Hafen in Berlin. The project is being developed by HLG Projektmanagement GmbH, based in Münster and Berlin, and Düsseldorf's IKB Deutsche Industriebank AG in a joint venture. On a total area of 30,000 sqm, four buildings with 35,000 sqm of usable area are being constructed. Some 70 store units are to be placed on 19,500 sqm of retail space. The investment sum for the project is quoted at €100mn. According to Christian Diesen, Business Manager of the property company, 90% of the lettable area has already been signed for. Among the retail tenants are Edeka (4,000 sqm), C&A, Hennes & Mauritz, Intersport, New Yorker, Douglas, Christ and Hussel.

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