FREO Group obtains building permit for development site in Berlin-Mitte

FREO Group has received planning permission for its development site at Seydelstrasse 14 in Berlin-Mitte. Freo had acquired the property in an off-market transaction in August 2020 and submitted the building application in February 2021. Construction work on the approximately 1,100-square-meter site is scheduled to begin this fall.

A new seven-story office building with a roof terrace is planned for the site. Upon completion, it will have approximately 2,800 square meters GFA, 14 parking spaces for cars, and 40 bicycle parking spaces in the underground garage. Tchoban Voss Architects, one of the leading architectural firms, has been commissioned to design the building. In addition, DGNB Platinum certification is being sought.

Matthias Luecker, CEO of FREO Group, comments: “Having optimized the site’s potential in terms of constructing a high-quality and sustainable office building, we are very pleased to now take the next steps toward implementing the project. Despite the challenges posed by the pandemic, which are still being felt in all markets, we still consider Berlin to be one of the most attractive investment locations, which, in addition to being the capital city, will continue to be highly significant for leading global companies as well as some of the most interesting European start-ups in the future.”

The planned new building is located in the immediate vicinity of Spittelmarkt and the U2 subway station of the same name, as well as the Axel Springer headquarters in a mixed-use area. The Gendarmenmarkt, the Humboldtforum with the new building of the Berlin Palace, and the Museum Island are in the immediate vicinity of the project.

About FREO
FREO Group is an independent international investor, developer, and asset manager in the real estate sector with a broad interlocking network of 15 offices in 7 countries and over 100 employees, and a portfolio of currently over €2 billion assets under management. In addition to the development and repositioning of office buildings, hotels, and retail in high-quality inner city locations, the company’s activities also include the development of residential properties.


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