by Alex Müller
on May 18, 2010
Torstrasse in Berlin Mitte is what urban land planner call a “magistrale” a big trafficed street in this case 2 lanes each direction. While the real estate market in Mitte matured Torstrasse stayed unfinished until this year. Mostly all empty plots got sold.
The last undeveloped plot Torstr. 136 will host a new budget hotel starting constructions this year. This will “finish” Rosenthaler Platz and form one of the main crossings in Berlin Mitte into the main hub for hotel and budget living in central Berlin.
all seasons Hotel Berlin Mitte of arccor group @Brunnenstr. 1-2 / Weinmeister.
famous Circus Hostel @Weinbergsweg 1a / Torstreet
Circus Hotel @Rosenthaler Str. 1 / Torstreet
Easyhotel Berlin Mitte @Rosenthaler Str. 69 / Linienstr.
another new bugdget hotel (to be named) @Torstr. 136
Torstr. 67 with permission for residential or commercial usage went t o auction a couple of years ago, and did not find a buyer for te price asked. It finally got sold a couple of weeks ago. Yet no info on the usage.
Nevertheless there are still residential/condo developments and rehabs to be found on Torstreet:
Cross the street at the corner Rosa-Luxemburgstr / Torstr. (adress: Linienstr. 40) one of the most progessiv locations are finished with on of the most design orientated concepts (L-40.de) actually a residential condo for art lovers and art collectors who want to live with their art.
Another residential condo will be put on Torstr. 165 which got sold this year by an Berlin based real estate company.
A residential rehab project called “Tor Quartier” between Torstr.79/83 and Zehdeniker 28 will be finished soon. While this is a heritage building (A-listed) this project is interesting for buyers paying (high) tax in Germany.
No matter if you want to buy a rehab or a development. Give us a call, we just don’t have the time to present all our properties and knowledge on this blog.
Tel.: +49-177-8946272
Please feel free to comment below or contact us.
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by Alex Müller
on April 23, 2010
Shortage of flats in good areas, rents grow.
Berlin runs short on rental apartments in good and very good locations.
According to the federation of the housing companies and housing cooperatives of Berlin and Brandenburg BBU the vacancy rate with in the central located districts hit the crucial bench of “below 2%”
Charlottenburg (vacancy rate falls from 2,2 to 1,9 %)
Wilmersdorf (vacancy rate falls from 2,9 to 1,6 %)
Prenzlauer Berg (no change, but very low vacancy rate of 1,5 %)
Mitte without Tiergarten and Wedding (vacancy rate climbed from 1,6 to 1,9 %)
In all districts of Berlin the vacancy rate fall by 0.4% to a new 10 years low (3.5%), actually the lowerst since 1997 (3,3%). This rates reflects the number of 664.000 units managed by members of the federation.
The rents (netcold) climbed in 2008-2009 by 2,6% to 4,82 Euro/month.
About BBU:
The BBU is the federation of the housing companies and housing cooperatives with their place of business in the city of Berlin and in the federal state of Brandenburg. 368 housing associations, limited companies, joint stock companies and housing cooperatives are members of the BBU. Their housing stock comprises 1.1 million residential dwellings. Approximately 36 percent of the Berlin housing stock and 29 percent of the housing stock in Brandenburg is owned and administered by the members of the BBU.
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by Alex Müller
on April 20, 2010
Diamona & Harnisch bought Kastanienallee 63 in Berlin Mitte in Q1-2010
today the advertising on the plot was installed.
www.kastanienallee63.com (coming soon)
The company is envolved in some of the hottest luxury residential development in Berlin:
Choriner Höfe in Berlin-Mitte
Lychener Straße 53 in Berlin Prenzlauer Berg
Fichtenberg Carré
Diplomatenpark in Berlin Tiergarten
Email me if you want to buy, sell or develop residential buildings in Berlin.
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by Alex Müller
on April 16, 2010
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by Alex Müller
on April 14, 2010
Emerging Trends in Real Estate® Europe 2010 Report
The prospects for development have declined fractionally, but as other cities
have declined further, Berlin has risen up the rankings
slightly, moving from 15th to 12th. Residential property is
favoured. As one interviewee comments, “Berlin is an interesting
market for residential, ‘It is hip to live in Berlin.’ †This
is reflected in the investment recommendations, with 31
percent of respondents citing residential as the preferred
asset type, the highest proportion for any of the cities covered
by the survey.
Among the top tips from the report’s respondents:
Keep it simple: Go for “plain vanilla real estate investments that everybody understands.â€
Best buys: Core is king. Stick to core and core-plus investments in large, liquid markets.
Development: For those with the stomach for risk, buy land and start building up a pipeline of projects. Residential and mixed-use are the best sectors.
Go for debt: Buy a bank or set up a lending platform. Now is a great time to lend on real estate, if you have the right skill-set and no legacy issues. Values are low and “the gap between cost of funds and loan margins is as good as it getsâ€. Or, buy distressed debt at a discount.
Green is good: Real estate is on the front line in the battle against climate change. “There is now a clear realisation that environmental and social responsibility is connected to economics. It has become an action issue.â€
Get your copy here (PWC).
or here (ULI).
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by Alex Müller
on April 7, 2010
New Berlin based online mag sugarhigh.de today features the lifestyle of the new berlin hotspot kreuzkoelln (north neukoelln).
read the artcile here: “meet the kreuzkoellner”
Don’t know were Kreuzkoelln is located? Get our real estate investment map on BerlinInvestment.com.
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by Alex Müller
on April 7, 2010
According to BNP Paribas Real Estate (BNPRE) Investment Market Report 2010 turnover in commercial real estate investments trippeled in Q1/2010 compared to the same period in the previous year. This is the highest quarterly turnover since 2 years.
For the Top6 Real Estate cities Berlin, Munich, Dusseldorf, Frankfurt, Hamburg, Cologne
BNPRE reports ca. 2.86 bn Euro compared to 0.66 bn Euro in Q1/2009.
Berlin again heads Big six
By Q1/2010 turnover by city:
Berlin 1,07bn Euro (+612 %)
Cologne 447m Euro (+844 %)
Hamburg 480m Euro (+285 %)
Munich 614m Euro (+172 %
Frankfurt 158m Euro
Dusseldorf 90m Eur
Portfolio deals account for 30 % or 1.5 Bill. Euro
Singel deals account for 70 % or 3.54 Bill. Euro
Q1/2010 turnover by segment:
Retail/Shoppingcenter investments account for 57%*?
Office investments 26%
Read the full 48 pages German Investment Market Report 2010
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by Alex Müller
on April 2, 2010
I bookmarked this in del.ico.us a day after it was published, and forgot about it, that is why I share this so late with you.
Nevertheless the good news is this article is still more than true even 6 month after it was published and reflects my experience with the market.
Berlin is coming into balance
After a long period of excess supply, house prices now rising steadily.
English Version (translated by Google Language Tools).
German version
Source: Die Welt
Author: Stephanie Creutz
Published: 25. Oktober 2009
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by Alex Müller
on April 1, 2010
Jones Lang LaSalle Retail Report Berlin:
Berlin remains stable even during times of crisis, as reflected by the
current situation on the retail property market.
Berlin Retail Ticker – 1st Half-Year 2010 – English
Berlin Retail Ticker – 1st Half-Year 2010 – German
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by Alex Müller
on March 10, 2010
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