Hines Secures Additional Tenants to Bring New ZOOM Building in Berlin Closer to Full Occupancy

(BERLIN) – Hines, the international real estate firm, has secured a range of tenants at the new “ZOOM” mixed-use project in Berlin City-West. The building, which is due to open by summer, has now leased 87 percent of the total 16,000 square meter space.

Leases have also now been executed for the retail/dining space, including the innovative reinvention of the döner kebab outlet Zaddy’s by Kaplan; the Asian restaurant SoulStix; the iconic burger bar Burgermeister; the french fries concept Freddy’s Fresh Fries and the late-night shop Twenty4Seven. This brings the total to more than 8,425 square meters of retail space now leased to tenants. All the retail/dining space for these tenants is on the ground floor.

Last year, Hines secured leading international fashion brand Primark as the project’s anchor tenant. The retailer committed to a long-term lease, taking around 78 percent of the total retail space, occupying the basement, first and second floors.

Located at the intersection of Joachimsthaler, Kantstrasse and Hardenbergstrasse, ZOOM also incorporates 5,750 square meters of office space on the floors three through five, which are now fully leased. The real estate agency Engel & Völkers Commercial Berlin is leasing 2,300 square meters on the third and fourth floors. The entire fifth floor has been leased by an innovative software development firm.

Joachim Wintzer, managing director of the Hines Berlin office, said: “We are thrilled to have almost fully leased our available retail and office space ahead of schedule. The demand from tenants is testimony to the outstanding quality of the site and the successful mix of retail and office space in this top location in the heart of City-West.”

The new building is being constructed on one of the most prominent sites directly facing the arterial route between the Zoo station (Bahnhof Zoo) and Kurfürstendamm. With its glass façade spanning 150 meters in length and three stories in height, not only does ZOOM offer optimum visibility from the street, and therefore enhanced brand awareness, it also enjoys excellent, large-scale advertising possibilities to the S-Bahn. Construction is expected to reach completion in Q2 of 2018.

Marketing of the still available and highly sought-after retail and restaurant space is planned for the first half of 2018.

Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 201 cities in 24 countries. Hines has approximately $111 billion of assets under management, including $60 billion for which Hines provides fiduciary investment management services, and $51 billion for which Hines provides third-party property-level services. The firm has 108 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,295 properties, totaling over 422 million square feet. The firm’s current property and asset management portfolio includes 506 properties, representing over 210 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.