Construction of 19 residential units kicked off in Berlin-Charlottenburg

Hamburg, 2 July 2019 – Deutsche Investment KVG, a Hamburg-based AIF manager, just launched the development of 19 residential units in Berlin’s district of Charlottenburg. Within the framework of an infill densification project, a new building is under construction on Wilmersdorfer Strasse that will deliver around 1,200 sqm of lettable area. The property development division has assumed the role of the principal with all its responsibilities. The building project is scheduled to be completed in its entirety by the end of March 2021.

The new structure with its six full storeys and one recessed storey is going up in the backyard of an apartment complex that Deutsche Investment acquired in 2014. It thus represents a courtyard development inside a housing block. The project will create bright contemporary flats of 2 and 3 bedrooms, either with patios or balconies. Some of the units will have floor-length windows. The dwelling floor area ranges from 45 to 70 sqm. Parallel to the construction work, the outside facilities at the site will be re-landscaped.

“Maintaining our own property development division means that we have the in-house competences we need to review a property’s potential for infill development as early as the acquisition phase and to launch the implementation of such projects early on,” said Michael Krzyzanek, Managing Director for Portfolio Management at Deutsche Investment KVG. “This enables us to ensure even in the planning stage that the life cycle of the building is managed to advantage and that downstream costs are minimised.”

Cigdem Yildirim Klippert, Head of Property Development, added: “Through our infill densification projects, we live up to the challenges of profitable and sustainable newbuild housing construction and create a liveable residential setting for the tenants: On Wilmersdorfer Strasse, we have been able to help optimise the residential rental accommodation but also to select the materials to be used with a view to keeping future maintenance measures within limits.”

Deutsche Investment set up its property development division in March 2018 and in Cigdem Yildrim found an experienced property developer to take care of the infill densification at its various investment fund portfolios. At the moment, another 36 projects in Berlin and Hamburg are undergoing their implementation analyses, including newbuild
schemes, loft conversions and additions of extra floors.

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Construction of 19 residential units kicked off in Berlin-Charlottenburg

Hamburg, 2 July 2019 – Deutsche Investment KVG, a Hamburg-based AIF manager, just launched the development of 19 residential units in Berlin’s district of Charlottenburg. Within the framework of an infill densification project, a new building is under construction on Wilmersdorfer Strasse that will deliver around 1,200 sqm of lettable area. The property development division has assumed the role of the principal with all its responsibilities. The building project is scheduled to be completed in its entirety by the end of March 2021.

The new structure with its six full storeys and one recessed storey is going up in the backyard of an apartment complex that Deutsche Investment acquired in 2014. It thus represents a courtyard development inside a housing block. The project will create bright contemporary flats of 2 and 3 bedrooms, either with patios or balconies. Some of the units will have floor-length windows. The dwelling floor area ranges from 45 to 70 sqm. Parallel to the construction work, the outside facilities at the site will be re-landscaped.

“Maintaining our own property development division means that we have the in-house competences we need to review a property’s potential for infill development as early as the acquisition phase and to launch the implementation of such projects early on,” said Michael Krzyzanek, Managing Director for Portfolio Management at Deutsche Investment KVG. “This enables us to ensure even in the planning stage that the life cycle of the building is managed to advantage and that downstream costs are minimised.”

Cigdem Yildirim Klippert, Head of Property Development, added: “Through our infill densification projects, we live up to the challenges of profitable and sustainable newbuild housing construction and create a liveable residential setting for the tenants: On Wilmersdorfer Strasse, we have been able to help optimise the residential rental accommodation but also to select the materials to be used with a view to keeping future maintenance measures within limits.”

Deutsche Investment set up its property development division in March 2018 and in Cigdem Yildrim found an experienced property developer to take care of the infill densification at its various investment fund portfolios. At the moment, another 36 projects in Berlin and Hamburg are undergoing their implementation analyses, including newbuild
schemes, loft conversions and additions of extra floors.

Download the press release

Go back

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