Orco receives permit for Berlin project at Cannes

The German unit of Luxembourg-based Orco Property Group has been presented with the construction permit for the Fehrelliner residential development. The project will comprise flats, lofts, penthouses and townhouses in Berlin Mitte.

Berlin Senator for Urban Development, Ingeborg Junge-Reyer, handed over the permit to Rainer Bormann, ceo of ORCO Germany, during a special ceremony at the MIPIM property fair in Cannes last week. 'We are very proud that with the issuing of the construction permit, and with this week's signing of the contract for the excavation pit, Orco has set the course for construction start at the end of March for the Fehrbelliner project. Here within we are realising one of the most ambitious, and one of the rare real residential loft living projects in the heart of Berlin,' Bormann said. Some 40% of the residences have been reserved by potential buyers.

The Fehrbelliner development, designed by the architect Eike Becker, is a project where the identity of Berlin Mitte, the ambition of individual lifestyles and the prospects of the location are melting together, Orco said in a statement. 'Architecturally, this is evident from the fusion of contrasts and a large number of products. Externally, this is evident in the contrasts of building styles, shapes and materials.'