ehret+klein Capital Markets acquires the listed former hotel and hostel building The Loom in Berlin’s Friedrichshain-Kreuzberg district as part of a separate account. The seller is an institutional investor. The parties have agreed not to disclose the purchase price. This is a value-added investment that envisages a full conversion of the listed building into a modern and sustainable multi-tenant commercial property.
Located in the heart of Berlin's Friedrichshain-Kreuzberg district, The Loom is situated in the Tech Commercial Business District (CBD) Mediaspree, one of Berlin’s most sought-after office locations with a dynamic start-up and creative scene and excellent public transport connections.
The building was erected in 1914 as a higher weaving school and, after extensive renovations, was used as a hotel and hostel building from 2013. “The property has a high potential for appreciation. Our vision is to create modern work and loft spaces with a historic character in the middle of the popular Mediaspree area,” says Sebastian Wasser, Managing Director of ehret+klein Capital Marktes GmbH.
The building has a high-quality historical building structure and architecture and a flexible building layout. The individual floors are accessed via four staircases and three elevators. Overall, such use is possible for both single and multi-tenant solutions.
In addition to the transaction, ehret+klein Capital Markets will be responsible for the active management of the property in the future. Planned measures are the building renovation under consideration of monument protection and ESG parameters as well as the implementation of a contemporary utilization concept.
About ehret+klein Capital Markets GmbH
ehret+klein Capital Marktes GmbH is an independent investment manager for institutional capital with real estate value creation and portfolio optimization expertise. The core business is the initiation and management of structured, regulated and unregulated real estate investment products for professional investors. The focus is on investments in commercial and residential real estate with value creation and development potential in economically strong German cities.
Your company contact:
Julia Gollong | ehret+klein Capital Markets GmbH
Phone: +49 8151 18769 18