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Engel & Völkers Commercial Berlin has achieved a largely full occupancy for a property at Hermann-Blankenstein-Straße 32 in Berlin-Prenzlauer Berg. With the conclusion of a 15-year lease agreement for around 4,800 m² to GPB College gGmbH, the property is thus around 90% let.
At the same time, the establishment of the state-approved substitute school strengthens the education and training profile of the property and makes a significant contribution to the sustainable positioning and stabilisation of the location.
The owner of the property is the Berufsförderungswerk Berlin-Brandenburg e.V., which originally used the building, which was completed in 2019, as a centre for vocational rehabilitation. As part of a strategic realignment, the space was subsequently placed on the market in an exclusive lease order to E&V Commercial Berlin.
"This quasi-full occupancy shows that modern education and training space at established Berlin locations continues to meet with high demand. We are particularly pleased that GPB College gGmbH has been acquired as a long-term user whose concept fits very well with the property and its previous use," says Aissatou Frisch-Baldé, Head of Commercial Leasing at E&V Commercial Berlin.
