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GSG commercial portfolio | Berlin Hyp

Refinancing of a GSG commercial portfolio Refinancing of a GSG commercial portfolio

Berlin Hyp provided GSG Gewerbesiedlungs-Gesellschaft mbH with a total loan amount of € 510 million for refinancing a commercial real estate portfolio. The financing is for a total of 41 business parks in Berlin with an overall rental area of 770,000 m² and 5,600 parking spaces. Most of the Portfolio is located in Berlin-Kreuzberg, complemented by additional properties in the west of the city as well as the eastern Berlin districts of Marzahn, Pankow and Hohenschönhausen. These are multifunctional rental spaces that can be used as offices, warehouses
and production floors. The spaces are mainly rented to small and medium-sized craft enterprises and businesses, as well as start-ups. Major tenants include the Technical University of Berlin, the broadcaster Deutsche Welle, Fraunhofer Gesellschaft e.V. and the co-working space provider Ahoy Berlin.