Independent property firm Quantum Immobilien has snapped up Wasserstadt Mitte, an extensive residential-led development in Berlin's Europacity, from struggling listed giant Adler.
The highly sustainable, modern development, with waterfront views, changed hands for a price of around €350 million according to media reports.
The mixed-use district includes around 47,000 sqm of rental space for residential and commercial use. These are spread over 711 apartments, including 213 co-living apartments, as well as around 3,000 sqm of commercial space for retail, gastronomy and a daycare center.
Source: https://propertyeu.info/Nieuws/Quantum-swoops-on-700-Berlin-residences-in-Adler-deal/b1969640-19dd-476a-8b27-575392cbd441, on 14.09.2023