Winters & Hirsch brokers sale of 14,000 sqm building plot in Berlin to CG Gruppe
Winters & Hirsch has brokered the sale of one of the few remaining building plots in Berlin’s trendy Samariterviertel quarter (district of Friedrichshain-Kreuzberg) to CG Deutsche Wohnen GbR, a company of the Christoph Gröner Gruppe based in Leipzig and Berlin.
Seller of the property Rigaer Str. 71-73a, a former brewery site, is the community of heirs of Beiser based in Israel and the UK. The property had been restituted to the heirs under the German Property Settlement Act [Vermögensgesetz] in 1998.
The approx. 5,150 sqm plot near Bänschstraße, Samariterplatz and Frankfurter Allee features several former brewery buildings. CG Gruppe plans to demolish parts of the existing structures and build a high-quality residential complex with commercial space. The blend of old-world industrial charm and modern architecture is a vital feature of this project. Marketed under the name of Sama-Riga, the new complex is to comprise approx. 14,000 sqm.
For Philipp C. Tabert, managing director of Winters & Hirsch, this latest deal is further proof of the ongoing positive development of the Samariterviertel, where most old buildings underwent refurbishment over the past 15 years. Tabert noted that the area was now upgraded further by high-quality properties. He added that „the Samariterviertel is currently seeing the most dynamic building activity of all quarters in the German capital. That reflects the tremendous attractiveness of Friedrichshain, where demand will most likely remain high in the future.”
Winters & Hirsch had been instructed by the community of heirs to market the plot and also advised the buyer on the transaction.
The Berlin law firm von Trott zu Solz Lammek represented both the seller and executor of the estate. The parties have agreed not to disclose the purchase price.