- Office scheme with add-on retail share
- • Gross lettable area of over 7,000 square metres
- Sustainable high rent level at Filmpark Babelsberg
Hamburg/Potsdam, 17. December 2018 – Warburg-HIH Invest Real Estate (Warburg-HIH Invest) just acquired an office scheme with added retail units on the recently developed “Campus am Filmpark Babelsberg” in Potsdam. The property extends over a gross lettable area of over 7,000 square metres and includes 110 underground car park and surface parking spots. The new building is scheduled for completion by the end of this year and earmarked for the “Deutschland Selektiv Immobilien Invest” special AIF. All units in the building are already let. The single biggest tenant, occupying over 1,850 square metres, is Edeka on a 15-year lease. Other types of use present at the Campus include student apartments, a crèche and a number of flats in the mansions at Filmpark. Seller is KWD Development, a Berlin-based company. It was agreed not to disclose the purchase price.
“This is a high-quality property in terms of its building, location and occupancy parameters,” said HansJoachim Lehmann, Managing Director of Warburg-HIH Invest. “Especially the direct proximity to the film studios in Babelsberg, the Film University and the Hasso-Plattner Institute for Digital Engineering make the site interesting for office tenants who are active in sector-related services, and promise a sustainable high rent level.”
This assessment is confirmed by a real estate market report that DG Hyp compiled. It suggests that Potsdam as office location clearly benefits from its integration into the metro region formed by the German capital and surrounding areas in Brandenburg (“Hauptstadtregion Berlin-Brandenburg”). The report goes on to say that demand for office accommodation in Potsdam is generated not just by the booming economy of the capital region but also by the administrative role as state capital plus by its large educational and research sector with a number of higher education institutions and institutes. Just like in Berlin, office take-up has soared in the recent past. DG Hyp expects the ongoing year to bring another hike in the premium rent level and a slightly regressive trend in vacancies.
“This is a high-quality property in terms of its building, location and occupancy parameters. Especially the direct proximity to the film studios in Babelsberg, the Film University and the Hasso-Plattner Institute for Digital Engineering make the site interesting for office tenants who are active in sector-related services, and promise a sustainable high rent level.”
Hans-Joachim Lehmann, Managing Director for Transaction Management Germany
Warburg HIH Invest
