Commodus has acquired an office building at Borsigturm technology campus in Berlin from Gewerbepark am Borsigturm GmbH, a real estate company of the steel and technology group Salzgitter AG. Built in 1997, the complex with a wide variety of tenants offers more than roughly 7,000m² of office space and is currently fully let. The scheme benefits from easy access by public and private transport and startegic location Berlin’s Tegel district. The purchase price was not disclosed.
The structural and architectural flexibility of the property makes it possible to accommodate a variety of innovative office concepts. Commodus plans to begin modernising and reletting larger units in late 2021. The space on offer is expected to range from open lofts to traditional, subdivided office units. Commodus intends to remodel the interior of the property while also improving the appearance of the exterior spaces and creating attractive common areas.
“The office property that we have acquired is situated in an up-and-coming micro location close to innovative tech companies and major corporations, as well as a shopping centre,” said Dr Matthias Mittermeier, Founder and Managing Director of Commodus. “What’s more, Tegel Airport – which is slated to undergo redevelopment into a science park for urban technologies and an innovative city neighbourhood in the years ahead – is located just 2 kilometres away.”