Trei Real Estate set to develop mixed-use building in Berlin

Trei Real Estate is to develop a new mixed-use asset in Berlin with commercial units and 190 residential apartments, following the signing of an urban development agreement with the city’s Borough of Friedrichshain-Kreuzberg.

Pepijn Morshuis, CEO, Trei Real Estate.

“We have plenty of faith in our project in Berlin-Kreuzberg and in the micro-environment along Köpenicker Strasse,” said Pepijn Morshuis, CEO, Trei Real Estate. “It is a very attractive site located directly on the bank of the River Spree. We are glad to have made a big step forward toward the start of construction work by signing this agreement.”

The plot of land, which has long belonged to Trei, is located at Köpenicker Strasse near the Schlesisches Tor underground stop. The plot was previously occupied by a supermarket, which burned down in January 2014. Since then, the site has been used as a parking lot.

The contract or implementation agreement now signed with the local authorities will serve as the basis for the conditional zoning plan process underway. The next steps will be the building permit application and its consent.

The agreement allows Trei Real Estate to develop around 18,200 sq m of gross floor area on the first-line riverside plot of about 5,800 square metres. This implies around 13,100 sq m of lettable area. The ground floor is earmarked for one larger and two smaller commercial units. On the floors above, around 190 residential units will be created – 70 percent of which will be open market and 30 percent rent controlled. The property will be developed to EH40, QNG-Plus and DGNB Gold sustainability standards.

Trei Real Estate has agreed to create open areas and public access to the bank of the River Spree. The riverside area will include a public green area of about 830 sq m, a public playground , a passageway from Köpenicker Strasse to the riverbank and a protected habitat for a beaver living on the premises.

The agreement also includes the construction of a children’s daycare centre on the ground floor and the creation of facilities for supervised co-living for young people. “It was very important to the borough to create public access to the riverbank and we were able to secure this within the scope of the deal,” said Florian Schmidt, councillor, Borough of Friedrichshain-Kreuzberg . “In addition, urgently needed residential accommodation will be created.”