(BERLIN) — Hines, the international real estate firm, today announced the first major tenant at the new Stadtquartier Südkreuz, being developed near the transit hub ‘Schöneberger Linse’. Energy and technology service provider ENGIE Deutschland has signed a lease for around 6,000 square meters of the approximately 8,000 square meters of office space on Tempelhofer Weg. ENGIE will relocate part of its operations in Berlin to Südkreuz station.
Construction of the Stadtquartier Südkreuz is expected to begin by mid-year, with completion expected in mid-2020. In addition, Hines is building 655 for-rent flats, a kindergarten and 1,700 square meters of retail space. The rental flats will feature various sizes, from micro-apartments to family flats, as well as 116 subsidised apartments. As an urban district solutions specialist, ENGIE has also entered into a long-term contract to provide heating and electricity for the entire site at below-market rates.
To improve the quality of life, Stadtquartier Südkreuz will also offer e-bikes and electronic car-sharing programs to residents, along with communal areas. Marketing of the available commercial space is expected to begin by the end of the year.
“We are thrilled that ENGIE Deutschland will be a prestigious new major tenant for the office space in Südkreuz. We are taking an innovative approach to developing the urban district in this location,” explains Joachim Wintzer, managing director of Hines Immobilien GmbH.
“We were looking for an iconic new building for our planned relocation that adequately reflects our company and its goals as a leader in the energy transition. With office space in the innovative environment of Schöneberger Linse, we will be perceived as contributing to creating a sustainable energy future”, says Manfred Schmitz, CEO of ENGIE Germany.
With the addition of ENGIE, Schöneberger Linse—located between the EUREF campus (symbol of the energy transition) and the Südkreuz “Station of the Future”—is furthering its reputation for being an “energy and mobility location,” not only in Berlin, but throughout Germany.
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 201 cities in 24 countries. Hines has approximately $111 billion of assets under management, including $60 billion for which Hines provides fiduciary investment management services, and $51 billion for which Hines provides third-party property-level services. The firm has 108 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,295 properties, totaling over 422 million square feet. The firm’s current property and asset management portfolio includes 506 properties, representing over 210 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world.
Since the opening of its site in Germany in 1991, Hines has acquired or developed a total of 37 properties with an overall surface area of just under 1.6 million m² for Hines or on behalf of external clients, including properties such as the Main Tower and the Silberturm in Frankfurt, Zoom and Wohnpark Südkreuz in Berlin, Hofstatt, Uptown München and OSKAR in Munich, the Überseequartier Nord district in Hamburg, the Benrather Karree and Kö-Quartier in Düsseldorf, and the Postquartier and Kronprinzbau 1+2 in Stuttgart. Hines currently manages property in Germany with an overall value of around €4.5 billion as an asset and development manager.
Since entering Europe in 1991, Hines has grown its European platform to include a presence in 51 cities in 11 countries and Hines Europe currently has €14.0 billion of assets under management in Denmark, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Poland, Spain and the United Kingdom.
ENGIE Deutschland is one of Germany’s leading specialists for building services systems, facility management, energy management, energy procurement, energy trade and industrial refrigeration technology. The company is represented at 30 sites across Germany and, in 2017, recorded sales of around 1.9 billion euros with 3,000 employees. The French parent group ENGIE SA (formerly GDF Suez) is one of the world’s leaders across the entire energy value chain and, in 2016, recorded sales of around 66.6 billion euros with 153,090 employees.
Rendering Copyright: Hines, Fuchshuber Architekten