Berlin, 10th April 2015 - Management contract for residential and commercial building in a prime location in Berlin's Charlottenburg

Starting 1 April 2015, Tectareal Property Management GmbH, Essen is taking over the property management with its Berlin branch for a residential and commercial building in Berlin's Charlottenburg district and therefore in one of the best locations in Berlin. The client is Quantum Immobilien Kapitalverwaltungsgesellschaft mbH, acting on behalf of one of its managed individual funds.

The total rentable area of the building on Wilmersdorfer Street is around 5,350 square meters. The renters of the fully leased, almost 2,900 square meters commercial space are a large drugstore and a designer product store. There are also 15 apartments with a total area of around 980 square meters, 360 square meters of storage space and 1,130 square meters of office space, which are also fully leased. The building was built in 2002 and modernized in large parts in the years 2013 and 2014.