Warburg-HIH Invest Real Estate acquired an office scheme with added retail units on the recently developed “Campus am Filmpark Babelsberg” in Potsdam, Germany. The property comprises over 7,000m² and includes a 110-unit parking facility. The new building is scheduled for completion by the end of this year and earmarked for the “Deutschland Selektiv Immobilien Invest” special AIF. All units in the building are already let. The single biggest tenant, occupying over 1,850m², is Edeka. Seller is KWD Development. It was agreed not to disclose the purchase price.
“This is a high-quality property in terms of its building, location and occupancy parameters,” said Hans-Joachim Lehmann, Managing Director of Warburg-HIH Invest. “Especially the direct proximity to the film studios in Babelsberg, the Film University and the Hasso-Plattner Institute for Digital Engineering make the site interesting for office tenants who are active in sector-related services, and promise a sustainable high rent level.”
This assessment is confirmed by a real estate market report that DG Hyp compiled. It suggests that Potsdam as office location clearly benefits from its integration into the metro region formed by the German capital and surrounding areas in Brandenburg (Hauptstadtregion Berlin-Brandenburg). The report goes on to say that demand for office accommodation in Potsdam is generated not just by the booming economy of the capital region but also by the administrative role as state capital plus by its large educational and research sector with a number of higher education institutions and institutes. Just like in Berlin, office take-up has soared in the recent past. DG Hyp expects the ongoing year to bring another hike in the premium rent level and a slightly regressive trend in vacancies.
