This project was comprised of four corner residential buildings in Berlin.
EIG acquired and developed all four, which are all located in the city centre. In cooperation with the building engineers, we inspected the properties, which had great letting or sales potential after a thorough renovation and modernization.; ;
We turned the project into a mix of 109 luxury apartments with retail facilities on the ground floor.
After nearly 2.5 years of renovations, we sold the project to several pension funds in Scandinavia.; ;
The project consisted of approximately 16,000 m2 (building square metres) in freehold land. The project was completed in 28 months from breaking ground to turn-key. The investment was approximately Euro 38 m., with a return of more than 20%.
© East Invest 2015. All rights reserved. Ultimate Marketing Solution.