Squire Patton Boggs Advises Belle Époque Group on Sale and Project Development in Berlin

    View Contact / News /Berlin

    Squire Patton Boggs has advised Belle Époque Group on the sale of real estate in Berlin for the construction of a new residential quarter with affordable housing to the Swiss family office Lakeward. The project, known as Ferdinand’s Garden, is being developed by a project development company of Belle Époque Group and is expected to be completed by the end of 2022. The financing partner in the €87.5 million transaction is Deutsche Pfandbriefbank.

    The team advising Belle Époque Group was led by Dr. Christian Bleschke, a partner in the Tax Strategy & Benefits Practice, Berlin, and included Real Estate partner Dr. Axel Kunze and senior associate Siegfried Etzkorn in Berlin, and Financial Services partner Dr. Jens Rinze in Frankfurt am Main.

    The Ferdinand’s Garden building project, located in Berlin-Lichtenberg, is characterised by quality living space at affordable prices, enabling future residents to live energy-consciously in an urban context. A total of seven apartment buildings are being built in two construction phases on the area between Ferdinand-Schultze-Straße, Schleizer Straße and Plauener Straße. These have a total of around 25,000 square metres of living space, which is divided into some 380 apartments. An underground car park will offer 160 car parking spaces and 800 bicycle parking spaces – both with appropriate e-mobility facilities – and the site will also contain 17 commercial units

    Press Contacts

    Angelo Kakolyris +1 973 848 5621