Valad Europe has renewed two leases on a total of 39,965 square metres of industrial and office space at Thiemannstraße 1, Berlin.
MSA Auer GmbH renewed its lease on 28,879 sq m for a further 10 years. Separately, the occupancy of the Tax Authority of Berlin-Neukölln was secured on 11,086 sq m of space, also for a further 10 years. BIM Berliner Immobilienmanagement, Berlin’s state property manager, represented the tenant on this transaction.
Both organisations are long term tenants of the site. MSA Auer has been in occupation since 1978, with the site fulfilling their German headquarters and one of only three European manufacturing locations for the global company. The Tax Authority has been in occupation since 2004.
Thiemannstraße 1 is a complex of 15 buildings providing office, industrial, retail and leisure space to around 13 occupiers in Berlin-Neukölln, adjacent to the Neuköllner Schiffsfahrtskanal and nearby Treptower Park. The complex is located 6.5 km from Berlin city centre east and Potsdamer Platz and has excellent transport links, with access to the A100 and A113 motorways and the Tegel and Brandenburg Airports. Following these lease renewals, the estate is almost fully let to a range of tenants including T-Hall Kletteranlage, REWE, and VH-Druck.
Danilo Hunker, Valad Europe’s head of asset management in Germany, says: “We are pleased to have renewed both leases at Thiemannstraße 1 in Berlin. For both companies to have wanted to renew demonstrates the strength of the building’s location and suitability for those requiring a headquarters close to Berlin city centre as well as to major transport routes. Our asset management team has excelled in tenant retention this year, with around 170,000 sq m of space renewed across our portfolio with existing occupiers, including the significant 85,000 sq m renewal to Daimler’s Global Logistics Centre at Industriepark Ettlingen.”
Ron Herring, president for MSA Europe, says: “Having spent the last 35 years at Thiemannstraße 1, it was important for us to maintain continuity for our business as well as a strong central location for our German headquarters. The decision to renew our lease here followed a comprehensive review of the location against our future strategy and business needs.”
Thiemannstraße 1 is held in the German portfolio of properties secured by the German Aktiv Property Fund which Valad Europe was recently reappointed by Cerberus Capital Management to manage.