Catella Investment Management GmbH (CIM), together with the KVG platform Catella Real Estate AG (CREAG), has completed the purchase of a new residential building in the Weitlingkiez in Berlin's Lichtenberg district. The apartment building was acquired for the real estate public AIF Catella European Residential (CER). The seller is OTTO WULFF Projektentwicklung GmbH.
The six-storey new residential building has 37 residential units with a total living space of around 3,000 square metres. The apartment sizes of the two- to four-room apartments range from 55 to 110 square meters. Each unit has a private outdoor area in the form of a balcony, loggia or roof terrace, as well as underfloor heating. In addition, each apartment is equipped with a fully equipped kitchen. In the basement there is an underground car park with 21 parking spaces. In addition, the property offers 106 bicycle parking facilities. Completion of the apartment building is scheduled for the end of 2025.
Michael Keune, Managing Director of CIM, explains: "With the purchase in Berlin-Lichtenberg, we are investing in a modern, energy-efficient residential project in a popular Berlin neighbourhood for Catella European Residential. The fund deliberately focuses on energy-efficient new buildings in established urban districts with a high quality of living and a stable rental market environment. The acquisition underlines our strategy of securing valuable and ESG-compliant residential properties in dynamic urban locations in the long term."
The building meets the EH 55 efficiency house standard (also known as KfW 55) and is connected to the district heating network. A photovoltaic system on the roof covers part of the energy requirement. About half of the apartments are barrier-free. The underground parking spaces are pre-equipped with cable routes for e-charging stations.
Benjamin Rüther, Head of Fund Management Residential at Catella Investment Management, says: "The apartment building impresses with its quiet but at the same time well-connected location in the heart of Lichtenberg. In recent years, the Weitlingkiez has developed into one of the most sought-after residential districts in East Berlin – characterised by a lively neighbourhood, Wilhelminian architecture and diverse infrastructure. The project offers exactly the mixture of urban environment and sustainable construction that makes Berlin so attractive as a place to live."
Tim Obermann, Head of Project Development Berlin at OTTO WULFF, says: "The Weitlingkiez is one of the most exciting districts in East Berlin – characterised by a mature neighbourhood with excellent public infrastructure and direct rail connections to Alexanderplatz. It was a special project for us because we are creating modern living space here that blends harmoniously into the old building environment from the Wilhelminian period and thus becomes part of the identity of the popular neighbourhood on Archenholdstraße. Barrier-free concepts, sunny south-facing balconies and a beautiful courtyard round off the concept. We are pleased to announce the sale of the project to Catella. We now have a partner who appreciates the quality of the location and the long-term perspective at least as much as we do."
The Weitlingkiez is located in the eastern part of Berlin. The Lichtenberg S-Bahn and U-Bahn station can be reached on foot in about eight minutes and offers a fast connection to City-East, City-West and BER Airport. There are also bus and tram connections. In the neighbourhood there are numerous shopping facilities, cafés, pharmacies, doctors' offices, schools and daycare centres. The nearby Tierpark Berlin as well as several parks and playgrounds offer additional leisure and recreational opportunities.
