SORAVIA develops new office and residential complex “Riverside Berlin”
A state-of-the-art office complex with a gross floor area of 11,000 m² on seven floors is being built in the center of Berlin. Completion is scheduled for 2025.
The real estate group SORAVIA was able to secure another flagship project in Germany with the office and residential complex “Riverside Berlin.” The seller is a consortium of several Spanish project developers. Closing took place this past Wednesday. The parties have agreed not to disclose the purchase price. “Riverside Berlin” is located at the Schöneberger Ufer in Berlin-Mitte, in an exceptional waterfront location between Potsdamer Platz and Kurfürstendamm.
Erwin Soravia, CEO of SORAVIA, looks forward to the implementation of the latest project development: “We’re thrilled to be able to contribute our many years of expertise in the development of office buildings and in the revitalization of historic properties in the heart of the German capital. The view over the Landwehrkanal and of the Neue Nationalgalerie is one of a kind. The location is ideal for a prestigious corporate headquarters.”
The redevelopment of the existing residential building and, at the same time, the construction of a new state-of-the-art office building are planned for the acquired property. The planned office building will have a gross floor area of 11,000 square meters across seven floors. The Gründerzeit villa, which is also located on the site, has a gross floor area of 2,200 square meters and will also be extensively revitalized. SORAVIA will have invested around 100 million euros in the new showcase site by the time it is completed in 2025.
The location is not only excellent thanks to its proximity to the water and its versatile infrastructure offering, but also due to its proximity to public transport. The Kurfürstenstraße and Potsdamer Platz subway stations are within a few minutes’ walking distance.
The Spanish architectural firm “Arquitectura Norte,” in cooperation with the local studio “Frosch:Samara Architekten,” are responsible for the architecture of the ensemble.
The finished office building is expected to set new standards in terms of architecture and planning. Numerous terraces will provide access to the outdoors and allow for working outdoors as well. The ceilings, each three meters high, reinforce the overall airy impression of the offices. While the new building features state-of-the-art architectural solutions, the existing building will retain its stylish older building character, even after renovation.
SORAVIA is a growth-oriented and owner-managed family business. For over 140 years, the name Soravia has stood for continuity in the construction and real estate business. SORAVIA concentrates on urban development, privately financed residential construction, commercial projects, subsidized residential construction, hotel developments, and the revitalization of listed properties.
SORAVIA complements its core business of real estate project development with service companies in the areas of facility, property, and asset management. In addition, SORAVIA holds corporate stakes in the internationally renowned auction house Dorotheum and the rapidly expanding hotel group Ruby Hotels.
With more than 600 completed projects and a project volume of over 6.3 billion euros, SORAVIA is one of the leading real estate project developers in Austria and Germany. Including all its shareholdings, SORAVIA employs around 3,330 people.
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