The "Pistorius" project is an almost fully leased residential building in the middle of Berlin's popular Weißensee district near Prenzlauer Berg. The impressive apartment building comprises a total of 15 units with a total area of more than 1,051 m².
The project is already very well let and currently generates a net annual rent of €89,675. The issuers now want to project the property and obtain a building permit. In this context, an extension of the attic floor and an extension of a part of the building in the inner courtyard with four standard floors are planned, whereby a total of approx. 1,844 m² of living space can be realized. In addition, 13 garage spaces and six parking spaces will be built.
The property is located in the popular Berlin district of Weißensee which stands out from the other districts due to its green & idyllic perception. Weißensee is characterized by small-scale old building quarters, family houses and garden colonies. The proximity to Berlin Mitte, Prenzlauer Berg and other hip districts makes the location extremely attractive for residents. In addition, Pistoriusstraße is surrounded by all important amenities for daily needs.
The borrower is the registered owner of the property with the address Pistoriusstraße 91 - 92 13086 Berlin, Germany. The building consists of two interconnected building parts with a total of 15 units, and a rentable area of just under 1,051 m².
The new construction and loft conversion is planned, and subsequently sold to an investor through a global sale. The issuer expects approx. 200 m² of additional space in the course of the attic conversion and approx. 1,644 m² through the construction of the new building. Thus, a total of approx. 1,844 m² of new usable living space will be created. In addition, 13 garage spaces and six parking spaces will be built.
The property currently generates an annual net rent of more than €89.675. The aim of the crowdinvesting campaign is to partially redeem the equity invested.
During the term, the lender will receive an annual distribution of 6.50%.
According to the plan, the lender will receive its invested capital back after a maximum of 30 months.
The sprawling district of Weißensee/Pankow is known for its parks and idyllic surroundings, as well as its central location with plenty of lively cafes. Weissensee is a bit unassuming, endearing and small-town. It's quieter here than the trendier districts but still urban and central. The University of the Arts Weißensee offers space for many young students.
The Brandenburg Gate in Berlin is an Early Classicist triumphal gate that stands on the western flank of the square Pariser Platz in Berlin's Mitte district. The gate is the most famous Berlin landmark and a German national symbol, with which many important historical events of the 19th and 20th centuries are associated. Thus, until the Second World War, the end of Napoleonic rule in 1813-1815, in particular, was associated with the structure. During the Weimar Republic, Constitution Day was celebrated here every year on August 11. Until the opening of the Iron Curtain, it stood directly on the border between East and West Berlin and thus symbolized the clash of the Warsaw Pact and NATO at the most sensitive point of their common border during the Cold War. Accordingly, since 1990 the Brandenburg Gate has also been regarded as a symbol of the overcoming of the division of Germany and Europe.
The Berlin Wall Memorial commemorates the division of Berlin by the Wall and the deaths at the Berlin Wall. The national memorial, a 70-meter-long original section of the border fortifications, was rebuilt in 1998 by the Federal Republic of Germany and the State of Berlin on Bernauer Strasse (parts of the Wall came from other sections) and later expanded. Today, the memorial site covers a length of 1.4 kilometers on the former border strip and includes, in addition to the memorial, an outdoor exhibition, the Chapel of Reconciliation, the Berlin Wall Documentation Center, the Window of Remembrance, and the Visitor Center and an exhibition in the neighboring Nordbahnhof S-Bahn station.
The Reichstag building on Platz der Republik in Berlin has been the seat of the German Bundestag since 1999. Since 1994, the Federal Assembly has also met here to elect the German president. The building was constructed according to plans by architect Paul Wallot between 1884 and 1894 in the neo-Renaissance style in the Tiergarten district on the left bank of the Spree River. It housed both the Reichstag of the German Empire and that of the Weimar Republic. Initially, the Federal Council of the Empire also met there. After severe damage from the Reichstag fire of 1933 and World War II, the building was restored in a modernized form in the 1960s and served for exhibitions and special events. From 1995 to 1999, the Reichstag was fundamentally redesigned by Norman Foster for its permanent use as a parliament building, which was decided in 1991. On April 19, 1999, the keys were handed over to Bundestag President Wolfgang Thierse. Since then, the German Bundestag has been meeting there. The walk-in glass dome above the plenary chamber is a striking feature of the cityscape.
The East Side Gallery memorial in Berlin-Friedrichshain is a permanent open-air gallery on the longest remaining section of the Berlin Wall on Mühlenstrasse between Berlin's Ostbahnhof station and the Oberbaumbrücke bridge along the Spree River. In spring 1990, after the opening of the Berlin Wall, this section was painted by 118 artists from 21 countries over a length of 1316 meters.
|Track Record||More than € 250 million developed|
|Existing Bank Financing||Yes|
Fourreal meets the challenge of contemporary space creation with the new construction or revitalisation of high-quality residential properties. When it comes to real material assets, Fourreal is the right contact. Since its foundation, the focus has been on project realisations in inner-city areas as well as on the development of living space in locations with a special quality of life. In addition to project development of upmarket residential properties, Fourreal concentrates on investments in properties for its portfolio. Precise property research and direct, compact planning enable the elimination of intermediate interfaces and thus maximum cost efficiency. Good creditworthiness and financial resources enable quick and flexible decisions.