German developers Eyemaxx Real Estate and Deutsche Immobilien Entwicklungs have launched a mixed-use real estate project at Berlin Airport with an investment volume of around €170 mln.
The two partners have launched a joint venture for the project, in which Eyemaxx will take a 50.1% stake and Deutsche Immobilien Entwicklungs the remaining 49.9%. The agreement was brokered by Colliers International Berlin.
The plans call for the construction of 17 buildings comprising 450 residential units over 29,300 m2. In addition, around 23,400 m2 of office space is planned together with 690 parking spaces. The project will be developed in phases and is due for completion by 2022.
The development is located north of Berlin Schönefeld Airport beyond the noise barrier and close to public transport links (railway station in the airport terminal) and the A113 and A10 motorways.
Eyemaxx specialises in residential developments in Germany and Austria and is also active in the care home market in Germany and Central Europe.
Deutsche Immobilien Entwicklungs is an urban residential specialist which has developed over €1 bn of projects since its establishment in 2015.
