SymbiosyOrigameoMoreQubesHubHub
All Countries
Press Kit
All Countries

Copy as Plain Text

News

Trustworthy: DSTRCT.Berlin has been advanced with a development loan

Published

Debut German project DSTRCT.Berlin in Alter Schlachthof, Berlin-Pankow, developed by international workspace provider, HB Reavis, has completed the entire financing in spite of the complicated post Covid-19 financial situation. Landesbank Hessen-Thüringen Girozentrale (Helaba), Frankfurt am Main, is providing a development loan worth more than EUR 230 million.

DSTRCT.Berlin is the first project of HB Reavis in Berlin. It consists of two parts: a new office building and renovated historical halls. Under the slogan "Work.Eat.Meet", it aspires to bring people-centric design with emphasis on wellbeing and health.
Recently, it has obtained WiredScore Platinum certification, only the third building in Berlin to do so! The WiredScore certification creates necessary transparency, provides access to important information about the digital infrastructure of a building and reviews the three central areas of connectivity, infrastructure and potential. Platinum is the certification for developments designed for "best-in-class" connectivity.
The first steps have also been recognised in the field of wellbeing, health and productivity when the new edifice has become one of only three buildings in Berlin that achieved the WELL Pre-Certification at Gold level.
Obtaining Pre-Certification is difficult and important because it signals not only ambition, but also multiple arrangements and precautions taken in order to deliver workspaces that are people-centric. The next stage to obtain full WELL certification is planned for 2021.
Two international companies Strato AG and 1&1 Ionos already signed the deal for their future offices. Almost 550 employees will enjoy new workspaces with great accessibility for bike commuters and easy access to public transport.

Current stage of DSTRCT.Berlin

In April, the underground area of the new edifice was reinforced, which will also serve as a cycle garage offering space for circa 800 bicycles and changing rooms and showers.
The old halls, that previously served as the Central Stockyards and Slaughterhouse from 1881, are being reconstructed on multiple levels: reserved clinker brickwork, high ceilings and window galleries.
They are dedicated to creating unique workspaces and also a leisure arcade filled with cafés,restaurants and stores to enliven the area.

Notes for editors:

HB Reavis was legally advised by law firm Greenberg Traurig Deutschland, LLP, Berlin.

Marcel Sedlák, Managing Director of HB Reavis Germany GmbH: "We are very pleased that we have been able to complete the entire project financing for DSTRCT.Berlin and that DSTRCT.Berlin is thus progressing successfully at all levels. This is already the second project that we are implementing together with Helaba. We already worked closely and very well with our banking partner in the financing at Varso Place in Warsaw. “ More Information can be found at: www. dstrctberlin.com 

Copy as Plain Text

Share

Whilst the Company has taken reasonable care to ensure that the information on this website (other than information accessed by hypertext link) is accurate at the time of last revision of the website, the Company accepts no liability for the accuracy or completeness or use of, nor any liability to update, the information contained on this website. It should not be construed as the giving of advice or the making of a recommendation and should not be relied on as the basis for any decision or action. In particular, actual results and developments may be materially different from any forecast, opinion or expectation expressed on this website. Certain information on this website is of a historical nature and may now be out of date. All historical information should be understood as speaking from the date of its first publication. Nothing on this website constitutes an invitation or offer to invest or deal in the securities of the Company. This website contains certain hypertext‑links to other websites. The Company has not reviewed, is not responsible for, and accepts no liability in respect of, any information or opinion contained on any such other website.