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Aggregate Holdings signs lease agreement for 5D cinema in Berlin's "Fürst" project for 2,300 sqm

Aggregate Holdings signs lease agreement for 5D cinema in Berlin's "Fürst" project for 2,300 sqm

  • Fürst: gross floor area 183,000 sqm and more than 109,000 sqm of rental space
  • 90 percent of the total project completed by the end of 2023
  • Fürst combines Grade A office space with retail, hospitality, entertainment, lifestyle and history

Berlin, 19 September 2022 – Aggregate Holdings has signed a 2,300sqm lease in Kurfürstendamm’s Fürst project for a 5D Cinema with City Leisure Group (“CLG”), a leading provider of 5D attractions. This will be CLG’s first experience space in Germany, known for its immersive and tailored experience. The concept “Fly over Germany”, a ride on three floors with around 2,300 square metres, is expected to attract around 500,000 visitors per year. Together with the Komödie am Kurfürstendamm and a modernised exhibition concept of the “Story of Berlin” museum, this will create an attractive cultural and entertainment offer for Berliners and visitors to Fürst.

The Fürst project is excellently located on one of Berlin’s busiest and most prominent streets, Kurfürstendamm, benefitting from a prime location as well as a unique footprint as a mixed-use quarter. It has a gross construction area of approximately 183,000 sqm, and net lettable are of more than 109,000 sqm of predominantly office and co-working spaces with the remaining area including hotels, restaurants, retail, offices, lifestyle and art, among other things.

“The Fürst combines office, hotel, restaurant, retail, cultural, entertainment, fitness and childcare uses with excellent accessibility. In total, around 3,500 people will be able to work there. A new platform is being created where outstanding culture, retail and entertainment will bring people together in one of the best locations in the whole of Berlin,” explains Cevdet Caner, CEO of Aggregate Holdings SA, owner of the Fürst project.

“With Fürst, we are very pleased to have found an ideal location in Germany for our internationally successful concept. As a capital steeped in history, Berlin fascinates visitors from all over the world. This unique real estate project, with its unparalleled mix of offerings, and the prominent location directly on the famous Kurfürstendamm boulevard excited us,” adds Magnus Magnusson, CEO of City Leisure Group.

Contact
Benjamin Lee, 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

Dr Christoph Walther, Consigliere Consult
Mob : +49 151 12241630
christoph.walther@consigliere-consult.com

Xander Heijnen, Consigliere Consult
Mob : +49 172 811 9728
xander.heijnen@consigliere-consult.com

About Aggregate Holdings
Aggregate Holdings SA (“Aggregate”) is a predominantly German-focused real estate investment company, with significant presence also in Portugal. As at FY 2021, the company had €7.9bn of assets and a project portfolio with €9.9bn Gross Development Value. In its Build & Hold division, Aggregate owned Quartier Heidestrasse, the largest mixed use real estate development project in central Berlin with c.297,000 sqm of gross floor area (“GFA”), Fuerst, the prime commercial asset located on Kurfuerstendamm in central Berlin with c.183,000 sqm of GFA, and Walter and Green Living projects in Berlin with a combined GFA of c.634,000 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 €3.1bn Gross Development Value. Additionally, Aggregate holds a c.6% strategic stake in Adler Group SA, among other investments.

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News announcements
26.09.2022
Aggregate Holdings SA: Notice of the results of the written resolution and amendment of bond documentation
22.09.2022
Aggregate leases 23,000 sqm in Quartier Heidestrasse to leading DAX40 group
21.09.2022
Aggregate Holdings advisory board holds inaugural meeting
09.09.2022
Aggregate Holdings streamlines and strengthens capital structure
09.09.2022
Aggregate Holdings sells two segments from its Quartier Heidestrasse project for €456m, a premium to book value
04.07.2022
Aggregate Holdings S.A. strengthens Management Team and Board, sets up Advisory Board
29.06.2022
Aggregate Holdings S.A. : Full year results 2021
25.05.2022
Aggregate Holdings SA: Notice of the results of the written resolution and amendment of bond documentation
10.05.2022
Aggregate Holdings S.A. : Announces Quartier Heidestrasse structured sale process
29.04.2022
Aggregate Holdings SA: Notice of results of put option and intended exercise of clean-up call option
22.04.2022
Aggregate Holdings SA: Adler cleared of all material allegations
09.03.2022
Aggregate Holdings S.A. : No cross-default from Vonovia actions
09.02.2022
Aggregate Holdings S.A. : Independent report by Hogan Lovells clears Aggregate of all Viceroy allegations
17.01.2022
Aggregate Holdings S.A.: Statement on Bloomberg article “In Adler’s Orbit, A Set of Deals Leads to Azeri First Family” dated 13 January 2022
16.12.2021
Aggregate Holdings S.A. : Q3 2021 market update
03.12.2021
Aggregate Holdings SA: Successful sale of stake in S IMMO to focus on core real estate business
08.10.2021
Aggregate Holdings SA: Vonovia acquires an option over 13.3% stake in Adler Group from Aggregate Holdings
05.10.2021
Aggregate Holdings SA: Strong leasing momentum in Quartier Heidestrasse, Berlin
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