Sonar Real Estate agrees office leases on around 11,600 square metres in Berlin

Sonar Real Estate, acting in its capacity as asset manager, has let around 11,600 sq m of office space in three properties in Berlin. Five leases have been agreed.

The largest deal was in "Blisse 5", which is on the corner of Blissestrasse 5 / Berliner Strasse 132 / Uhlandstrasse 9 in the Charlottenburg-Wilmersdorf district. An existing tenant of the building has extended its current lease of 8,150 sq m on a long-term basis, with the addition of a further 1,500 sq m. The public sector company now occupies around 9,650 sq m of office space in the property, which was built in 1972 and modernised in 2019. The building has a total lettable area of approx. 15,800 sq m, 85% of which is office accommodation and remaining 15% retail space. It boasts a 96% occupancy rate.

In Hallerstrasse 1-6 in the Charlottenburg district, around 1,600 sq m has been let in three separate leases. Extensions of the existing leases to the occupiers IAV GmbH Ingenieurgesellschaft Auto and Wibu Objekt Plus GmbH have been agreed, while VPIphotonics GmbH is new to the property. Cushman & Wakefield brokered the transactions. Completed in 1996, the property provides around 14,000 sq m of office space, 82% of which is occupied. It is part of the portfolio of a Luxembourg fund.

Finally, around 350 sq m in "LAN 131", on the corner of Landsberger Allee 131 A-C and /Oderbruchstrasse 10, 12, 14, in Berlin-Lichtenberg, have been let to The Force CT, in a deal facilitated by Basis AG Immobilienberatung. This office and commercial building has a lettable area of around 13,000 sq m, 70% of which is offices and 30% retail space. The property includes parking facilities for around 200 cars and 125 bicycles. It is owned by a joint venture between Sonar and investment manager Angelo Gordon.