de en
News

Aggregate Holdings SA: Strong leasing momentum in Quartier Heidestrasse, Berlin

Luxembourg, 05 October 2021

SAP leases a further 7,000 sqm of office space in Quartier Heidestrasse

  • SAP is extending its planned digital campus in Quartier Heidestrasse by 23%
  • SAP has now signed leasing contracts totalling c.37,000 sqm in QH Track
  • The new property will be ready for occupation from early 2023

Luxembourg, 5 October 2021. SAP Group, a market leader in business software, has signed a second lease in Quartier Heidestrasse in Berlin, thereby expanding its presence in the QH Track smart building complex to around 37,000 sqm. SAP is developing its “Digital Campus” in Quartier Heidestrasse and had signed a lease for 30,000 sqm earlier in 2019. The “Digital Campus” will serve to strengthen SAP Group’s technology areas such as artificial intelligence, machine learning and blockchain.

Quartier Heidestrasse, an Aggregate flagship asset in Berlin, is the largest non-governmental real estate development in Germany with a gross leasing area of 232,000 m2 and is due to be fully completed by the end of 2023. SAP’s lease expansion further evidences the location’s exceptional quality. There continues to be improving momentum for Grade A office locations and product, with the smart, digitalised and sustainable infrastructure in the Quartier Heidestrasse district offering excellent conditions for businesses in the post-Covid 19 environment.

Benjamin Lee, Chief Financial Officer and John Nacos, Chief Investment Officer at Aggregate Holdings, said: “The lease expansion by SAP highlights the dynamism in the prime Berlin commercial real estate market, with tech businesses being one of the key drivers of growth. This additional signing is a testament to the location of Quartier Heidestrasse and the high quality of office space being constructed.”

For further details on Aggregate Holdings, a company presentation dated 5 October 2021 is available on the website : Aggregate Holdings Company Presentation

Contact
Benjamin Lee, Managing Director and Chief Financial Officer
Tel : +352 20 30 14 60
Mob : +44 7415 121218
b.lee@aggregateholdings.com

Boris Lemke, Investment Director
Tel : +352 20 30 14 60
Mob : +44 7943 025474
b.lemke@aggregateholdings.com

Olaf Zapke
Tel: +49 (0) 69 921874-89
Mob: +49 (0) 170 7641 971
Finsbury Glover Hering
ozapke@fgh.com

About Quartier Heidestrasse
Quartier Heidestrasse is the city’s largest project development. It comprises a multi-facetted and sophisticated urban district on an approx. 8.5 ha site, right in the centre of Berlin. The project combines all types of contemporary working and living environments: the six parts of the project comprise a total gross floor area of around 199,600 sqm of office and commercial space including a hotel and children’s day nursery, and more than 940 rental apartments with around 95,400 sqm GFA. The first phase of project, QH Core, has been occupied since January 2021. QH Track and the remainder of the complex should be completed by end 2023. See: www.quartier-heidestrasse.com

About Aggregate Holdings
Aggregate Holdings SA (“Aggregate”) is a predominantly German-focused real estate investment company, with interests also in Portugal. The company has €8.3bn of assets and a project portfolio with €9.5bn Gross Development Value. In its Build & Hold division, Aggregate owns Quartier Heidestrasse, the largest mixed use real estate development project in central Berlin with c.295,000 sqm of gross construction area (“GCA”), Fürst, the prime commercial asset located on Kurfürstendamm in central Berlin with c. 183,000 sqm of GCA, and Walter and Green Living projects in Berlin with a combined GCA of 620,000 sqm. Aggregate also owns in its Build & Sell division VIC Properties, the largest real estate developer in Portugal with c.570,000 sqm of GCA and €2.8bn Gross Development Value. Additionally, Aggregate holds the 26.6% strategic stake in Adler Group SA, one of Europe’s largest residential players, and a 10.8% stake in S Immo AG, a German focused listed commercial company, among other investments.

Download

Archive

News announcements
08.10.2021
Aggregate Holdings SA: Vonovia acquires an option over 13.3% stake in Adler Group from Aggregate Holdings
24.09.2021
Aggregate Holdings SA releases first Sustainability Report setting out ESG framework and targets
07.09.2021
Aggregate Holdings S.A.: Half year results 2021
06.09.2021
Aggregate Holdings SA: Invitation to the conference call on 07 September 2021, 3:00 CEST (2:00 UK)
09.08.2021
Aggregate Holdings SA successfully places EUR 100 million Tap of 6.875% Senior Bond due 2025
30.06.2021
Aggregate Holdings SA: Profitable acquisition of Build & Hold assets
11.06.2021
Aggregate Holdings S.A.: Transformational acquisition of prime Berlin commercial real-estate project
21.04.2021
Aggregate Holdings S.A. : Full year results 2020
11.02.2021
Aggregate Holdings S.A.: Acquisition of increased minority stake in S IMMO
29.01.2021
Aggregate Holdings S.A.: Acquisition of minority stakes in S IMMO and IMMOFINANZ
28.01.2021
Aggregate Holdings S.A.: Company update and LTV guidance
20.01.2021
Aggregate notes market speculation pertaining to potential acquisition of stake in CA Immo
27.11.2020
Aggregate Holdings SA successfully places EUR 100 million Tap of Senior Bond
30.10.2020
Aggregate Holdings SA successfully places EUR 400 million Senior Bond
29.09.2020
Aggregate Holdings S.A. considers debt capital markets transaction
13.07.2020
Aggregate Holdings S.A. confirms it has received shares in ADO Properties S.A. in exchange for its holding in Consus Real Estate A.G.
09.11.2018
Consus Real Estate AG acquires SSN Group AG
23.10.2018
Consus Real Estate AG substantially increases overall performance in first half of 2018 and grows development portfolio
10.10.2018
Consus Real Estate AG - Earnings Presentation H1 2018 and Half Year Report 2018
07.08.2018
Consus Real Estate AG: Sole focus on real estate development following further integration of CG Gruppe and disposal of GxP stake
03.08.2018
Consus Real Estate AG: CONSUS Real Estate AG increases stake in CG Gruppe AG to 75 percent
01.08.2018
Consus Real Estate AG completes capital increase
18.07.2018
Consus Real Estate AG announces capital increase with subscription rights
15.06.2018
Aggregate Holdings SA Q12018 and Consus Real Estate AG plans capital increase
23.05.2018
Consus Real Estate AG: Audited Financials for Fiscal Year 2017 Released
15.05.2018
Consus Real Estate AG: Divestment of commercial assets resulting in EUR 68.2 million cash inflow and significant profit
03.05.2018
Consus Real Estate AG: Strong Performance - Preliminary Financials for Fiscal Year 2017
23.04.2018
Consus Real Estate AG realised cash inflow of EUR 131 million from recent VauVau forward sale
23.04.2018
Construction has started at the Quartier Heidestrasse, one of the largest real estate development projects in centre of Berlin – the project is owned at 94% by Aggregate Holdings S.A.
18.04.2018
A successful start of the year for Consus Real Estate AG, one of the major investments of Aggregate Holdings S.A.
21.12.2017
Aggregate Holdings S.A. successfully placed EUR 40 million tap issue on its existing 5.0% EUR 310 million Notes 2016/2021 (ISIN: DE000A184P98)
29.09.2017
Aggregate acquisition of 69% in CONSUS Commercial Property AG through a mixed capital increase against contribution in kind and cash with a total volume of approximately EUR 743 million approved by the shareholders’ meeting of CONSUS Commercial Property AG