CA Immo has sold its latest development project, the planned cube office building adjacent to Berlin’s main station, to a large institutional funds manager. The 18,500 sqm standalone building being constructed in a prominent location in the Europacity district and will be built and let on behalf of the investor by CA Immo. An agreement was made not to disclose the purchase price. The total investment (including the value of the plot) of CA Immo will be approximately €100m. Start of construction of cube, a standalone building spanning some 18,500 sqm on Washingtonplatz next to the city’s main rail station, is scheduled for January 2017; it will be completed in 2019. The structure designed by renowned Danish architects 3XN is located by the bend in the River Spree, opposite the Federal Chancellery.
