Hines begins letting process for 664 residential units in Berlin

Berlin

International real estate firm Hines is now letting residential units in the newly developing Berlin city quarter Südkreuz (”Stadtquartier Südkreuz”). 

By autumn 2020, 664 residential units for around 1,200 residents will be completed on a total area of 21,430 square metres. In addition to 335 privately financed rental apartments, the project will include 213 micro-apartments for students and 116 subsidised social apartments for rental. 

The apartment sizes will range from one and four rooms, with floorspace ranging from 19 to 115 square metres. There will also be 10,300 square metres of office and commercial space that has already been fully let, as well as a comprehensive range of community amenities. The first apartments are scheduled to be handed over to the new tenants as early as June. 
 
The Stadtquartier Südkreuz is the first build-to-rent (BTR) project Hines has launched in Europe since the firm entered the residential market.  Further schemes are expected to be rolled out in key strategic locations across the continent, as Hines expands its portfolio in the living sector.  Earlier this year Hines entered a JV partnership with QuadReal targeting BTR, student accommodation and serviced apartments, to accelerate its existing moves into this nascent and dynamic sector.   
 
Joachim Wintzer, Managing Director at Hines, says: "The Stadtquartier Südkreuz is not only the first residential project of its kind in Europe undertaken by Hines, it is also significant for the urban development concept. We are creating new living spaces close to the city centre, which Berlin urgently needs. In doing so, we will focus on the local social requirements and future needs for a cross-generational, cohesive living environment. Our objective is to provide future residents with maximum living comfort and lifestyle quality. Therefore, the city quarter Südkreuz combines innovative living trends and forms of living from all over the world in a unique form. We are building a lively quarter for young and old and are confident that we will achieve a diverse mix of future residents to follow the Berlin tradition.”
 
With the city quarter Südkreuz, Hines is setting new standards in residential construction with attractive community amenities that are absolutely unique. They will be available to the residents and make a significant contribution to creating a vibrant quarter for living. Examples include an extensively landscaped courtyard with a fully equipped pavilion that can be used as event room or outdoor kitchen. In the garden there will also be a playground for the younger residents. In addition, there is a comprehensive range of sports facilities, including a gym, as well as a bicycle repair shop, a parcel station, a music room, a communal roof terrace and many other amenities. A nursery with a projected 72 places is also planned, together with fully equipped co-working areas, an extensive e-mobility package (e-cars and e-bikes) as well as spaces for parking more than 1,000 bicycles. The Südkreuz-App, available exclusively for the residents in the quarter, will allow them to adapt the community offerings to their individual requirements at any time. The objective is to increase the district's attractiveness in the long term.
 
The quarter is also ideally connected to the A100 motorway, the Südkreuz railway station for local and long-distance travel and the future BER airport. The Berlin city centre can be reached by public transport within minutes. In addition, a cycle path to Berlin Mitte along the S-Bahn line 1 is being planned. The city quarter offers a unique urban quality of life and is surrounded by nature reserves. The future tenants will enjoy an aesthetic concept, especially due to the variations in the façade elements of the individual buildings.