Montibus Asset Management and funds managed by Oaktree Capital Management (“Oaktree”) have leased around 7,600 square meters of office space in the “Track Central Line” to Drees & Sommer SE. With the closing, the office complex gains another leading company as a tenant and continues the strong leasing momentum at the location. The Track Central Line is a complex of nine modern office buildings in the Heidestraße district in Berlin’s Europacity near Berlin’s main train station and offers both single- and multi-tenant solutions. Drees & Sommer will move into one of the nine buildings as a single tenant.
“With our new location in Track Central Line, we are deliberately occupying space in a district whose development we have actively helped to shape over many years. With around 500 employees, Berlin is a key growth and innovation location for Drees & Sommer. The new Berlin office will network our expertise in the areas of real estate, district development, infrastructure, energy and industry and create a place for collaboration, innovation and customer proximity. It represents the next step in Drees & Sommer’s development in Berlin,” says Markus Weigold, Partner and Head of the Berlin Office, Drees & Sommer SE.
“Drees & Sommer’s decision to locate here strengthens Track Central Line’s position as an office location in Europacity and Berlin. The Heidestraße district is continuously developing into a mixed-use district that offers a high quality of stay and excellent connections,” says Olaf Claessen, Managing Partner at Montibus Asset Management.
The parties have agreed not to disclose the economic terms of the lease.
