CA Immo starts development of new office in Berlin

Austrian listed property group CA Immo has started construction of a 10,000 m2 office complex in the Europacity district of Berlin.

The Monnet 4 project, which represents an investment of around €27 mln, is in the immediate vicinity of the Berlin main railway station and adjoins the Tour Total, completed by CA Immo in 2012.

CA Immo has signed a 4,700 m2 leasing agreement the MLP finance and investment consultancy as a tenant. MLP is moving into the quarter with its nine Berlin-based branches to form a new MLP advisory centre. DTZ assisted MLP in the deal.

Construction of the building is planned to start in early 2014 with delivery expected for spring 2015.