(BERLIN) – Hines, the global real estate firm, on behalf of its Hines European Value Fund (HEVF 1), has agreed to a new 10-year green lease with the Fraunhofer Institute for Open Communication Systems FOKUS at its existing headquarters, at Atrium Charlottenburg, in Berlin.
The Fraunhofer Institute FOKUS has been located at the property since 1997 and has extended its lease terms to remain on nine floors totaling c. 16,000 square meters. The institute specializes in applied research and development in the field of information and communication technology. Through the green lease, both the occupier and landlord will be required to use or manage the space in a particularly sustainable manner including the collection and exchange of consumption data, promotion of sustainable energy sources and consumption reduction. The common goal for Atrium Charlottenburg is to achieve the most sustainable, resource-conserving and ecologically efficient property as possible.
Dr. Kai-Magnus Schulte, managing director at Hines, says: “By concluding the long-term lease, we continue to retain Fraunhofer Institute FOKUS as a loyal existing tenant in the Atrium Charlottenburg. The new lease underlines the attractiveness of the location and the building, which will be further optimized and modernized in the upcoming years. In doing so, we place great value on ESG, which we express through the design of the green lease itself as well as other structural measures in particular the replacement and modernization of the building control system.”
Paul White, fund manager for the HEVF Series, adds: “The implementation of the green lease is in line with our ongoing ESG objectives. For us, green leases are a key driver in making real estate investments and rental use sustainable. This way, we are not only adding value to individual properties but also implementing concrete measures to address the pressing challenge of climate change.”
Atrium Charlottenburg is located on Kaiserin Augusta Allee and spans c. 40,000 square meters covering nine floors. Almost fully leased, other occupiers, alongside Fraunhofer Institute FOKUS, include Land Berlin and Jobcenter Berlin Charlottenburg-Wilmersdorf. The building benefits from flexible floor plates, an improving inner city location and good transport connections including Berlin’s S-Train circuit, “Mierendorffplatz” subway station, the main train station and highway A100.
Hines was advised by BNP Paribas Real Estate.
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 285 cities in 28 countries. Hines oversees investment assets under management valued at approximately $90.3 billion¹. In addition, Hines provides third-party property-level services to 373 properties totaling 114.2 million square feet. Historically, Hines has developed, redeveloped or acquired approximately 1,530 properties, totaling over 511 million square feet. The firm currently has more than 198 developments underway around the world. With extensive experience in investments across the risk spectrum and all property types, and a foundational commitment to ESG, Hines is one of the largest and most-respected real estate organizations in the world.
1Includes both the global Hines organization as well as RIA AUM as of 31 December 2022.
Since entering Europe in 1991, Hines has grown its European platform to include offices in 17 cities as well as a presence in 60 cities in 14 countries. Hines oversees investment assets under management valued at approximately €24.5 billion and provides third-party property-level services totaling 4.3 million square metres in Europe, in Austria, Czech Republic, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Poland, Spain and the United Kingdom.
Since the opening of its site in Germany in 1991, Hines has acquired or developed a total of 64 properties with an overall surface area of almost 3 million square metres for Hines or on behalf of external clients, including properties such as Werfthaus and Silberturm in Frankfurt, Zoom and Stadtquartier Südkreuz in Berlin, Hofstatt, Uptown München, OSKAR, Tucherpark, aer and MediaWorks in Munich, the Überseequartier Nord district in Hamburg, the Benrather Karree and Kö-Quartier in Düsseldorf, Friesenquartier in Cologne and the Postquartier, Karlshöhe and Kronprinzbau 1+2 in Stuttgart. Hines currently manages a portfolio of €9.6 billion in assets under management and also provides third-party management services for numerous properties.
Visit www.hines.com for more information
All data as of 31.12.2021