The FREO Group has acquired a development site at Seydelstrasse 14, in Berlin-Mitte, in the context of an off-market transaction. The vendor of the ca. 1,100m² property is Gurtelstrasse 37 Immobilien GmbH. The purchase price was not disclosed.
It is expected that the site will house an office building providing 3,100m² gross floor area and 20 underground parking spaces on the site. The scheme is situated in a mixed-use area very close to the Spittelmarkt and the eponymous U-Bahn station on line U2, as well as the Axel-Springer headquarters. The project also enjoys close proximity to the Gendarmenmarkt, the Humboldtforum, with the reconstruction of the Berlin Palace, and the Museumsinsel.