OVG buys land plot for 3rd project in Berlin

Sustainable office developer OVG Real Estate has acquired a plot of land northwest of Berlin Central Station from HG Immobiliën as part of its expansion strategy in Germany.

There has been an 'incredible' increase in demand for a new office location near the Central Station, Martin Rodeck, managing director of OVG Real Estate, said. 'The purchase of this land parcel is part of our Berlin expansion strategy after we deliver our building at HumboldtHafenEins to PwC in spring and start with the construction of our joint venture project M_Eins at O2 World.'

The property is located in the Invaliden Strasse at the corner of Clara Jaschke Strasse. With the purchase the 5,157 m2 parcel was divided into two building sites. OVG Real Estate has assumed the western building plot MK1, totalling 2,672 m2. The eastern plot is still owned by HG Immobilien.

OVG Real Estate plans to realise an office building with some 22,000 m2 of gross floor space on its part of the land immediately adjacent to the Central Station.

OVG Real Estate is a leading project developer in the Netherlands.

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