CA Immo sells hotel site in Berlin (DE)

The Europacity urban district in Berlin is progressing apace. A first-class Steigenberger Hotel Group hotel will be opening in the first half of 2014, in the vicinity of the central railway station and the German Chancellery. The investor, PORR Solutions Deutschland GmbH, has now bought the plot for the hotel project, covering 3,250 m², from CA Immo.

111109 Europacity

An overview of the Europacity urban district.

The site in the Europacity urban district is situated in the southern part of the central railway station where almost all the plots in the project area are currently under construction.

Dr. Bruno Ettenauer, CEO of CA Immo has this to say: "With the latest transaction we have now created a use for the fourth of five building plots in the ensemble, with three buildings currently under construction.

"Continuous reduction development of our German property reserves by means of procuring planning permission and subsequent sale or realization of our own development projects is thus progressing apace in Berlin as elsewhere."

The InterCityHotel Berlin Hauptbahnhof is being built immediately adjacent to the site that has now been sold, and CA Immo is also building the new German headquarters for oil company TOTAL on the other side of the station. CA Immo is taking the role of investor and builder for the InterCityHotel and the TOUR TOTAL.

Two other companies have also purchased plots in the Europacity development area where they will implement their own development projects.

Source: CA Immobilien Anlagen AG

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