Edge Technologies, the innovative office development subsidiary of Amsterdam-based OVG Real Estate, has sold its first German project to Cologne-based Duxton Capital Advisors.
Financial details were not disclosed.
The 32,000 m2 office project, located at the Südkreuz railway station in the Berlin Tempelhof-Schöneberg district, has already received the German Sustainable Building Council's (DGNB) Platinum pre-certification.
'From the beginning we were convinced of the Südkreuz location with its ideal transport connection and central position in Berlin,' said Duxton managing director Dr. Claus-Henning Tillner.
The scheme is Edge Techonologies’ first project in Berlin and second in a new generation of smart buildings planned by the company. It comprises two buildings at Hildegard-Knef-Platz 2 and 3.
The project will be delivered to Duxton on a turnkey basis, with completion in Q4 2019. Designed by Tchoban Voss Architekten, Edge Technologies will equip both buildings with a 'smart package' to optimise energy operation and contribute to the health, productivity and comfort of its tenants.
The building's materials are fully recyclable, with the use of concrete kept to a minimum. The project includes e-mobility parking spaces and a combined heat and power plant for heating.
'Duxton were impressed by the wooden architecture that will brighten up the neighbourhood at Südkreuz railway station, making it livelier. By improving the building's CO2 balance, the wood-hybrid construction will also ensure a healthy work environment and enhance efficiency,' said Martin Rodeck, executive managing firector of Edge Technologies in Germany.
White & Case acted as legal advisors for the sellers, and Berwin Leighton Paisner for the buyers. Both firms are located in Frankfurt.
