Redevco opens €90m mixed-use building in Berlin

Dutch retail developer-investor Redevco has opened a €90 mln, mixed-use building on Berlin’s renowned Alexanderplatz.

Known as Alea 101, the property is located on the site of Germany’s first C&A store, which opened in 1911. After regaining ownership of the site in 2008, Redevco began construction of the 19,000 m2 building two years ago.

Arnd Leinemann, managing director of Redevco Germany, said: 'This project has special historic significance for Redevco because it is built in the exact location where our sister company C&A first opened for business in Germany.'

The building includes 10,000 m2 of fully-let retail and restaurant space with tenants including footwear store Activ Schuh, restaurant chain Vapiano and TK Maxx, an off-price retailer for designer fashion labels.

The two top floors provide 3,200 m2 of offices and rental apartments arranged around a landscaped inner courtyard. Redevco is currently marketing the 1,600 m2 of office space and the 14 apartments.

The building takes its name from the Latin word for a cube – Alea - and the 101 years that passed between the original C&A store opening and the date when construction work started.