Hines expands its Berlin residential portfolio
Hines is sustainably increasing the appeal of the city quarter of Sudkreuz (Stadtquartier Sudkreuz), located in the south of Berlin, with revitalisation and development of the Schoneberger Linse neighbourhood. This is currently one of the major residential projects in Berlin.
The company is planning to achieve this by establishing a wide range of community amenities. The project will comprise 665 residential units for around 1,200 residents on a total area of 21,430 square metre. The homes will include 213 micro-apartments for students and 116 subsidized social apartments for rent. Besides, the project will feature 11,550 square metre of office and commercial space as well as a comprehensive range of community amenities.
“The Stadtquartier Sudkreuz is the first residential project of its kind in Europe undertaken by Hines. Our strength is that as a company operating on the global stage, we are in a position to contribute to international know-how while being able to adopt a regional approach at the same time. This is why we have taken a very close look at innovative living trends and approaches to communal living all over the world. The Quartier Sudkreuz combines all these modes of living within a unique project. Our objective is to follow the Berlin tradition of achieving a diverse mix of residents, to incorporate the concept of people living together and to promote maximum living comfort and lifestyle quality for future residents,” Christoph Reschke, Co-Managing Director of Hine Germany, said.
Source:Europe Real Estate