Pressemitteilung
Quantum takes over Berlin project P1
Construction work continues on P1 at Passauer Strasse 1-3. Quantum is taking over and will complete the centrally located office and retail property in Berlin's city centre by early 2027.
12/09/2024 – The construction site for the Berlin P1 project has been at a standstill since autumn 2023. Now something is happening. Quantum will complete the unfinished shell of the building, which was erected on the site of the former KaDeWe car park, for a club of professional pension funds from Berlin. The Hamburg-based project developer and investment manager will realise a mix of modern and high-quality office and retail space in a central city centre location by the beginning of 2027.
"We are delighted to be able to take over and complete the project on behalf of the owner after a months-long break. At this premium location, we focus on quality and sustainability and fulfil the highest requirements in terms of WELL, LEED Platinum and WiredScore Platinum," says Lucius von Bethmann, Chief Representative of Quantum, adding: "In cooperation with all parties involved, we will now reliably continue the project and bring it to a successful finish."
In total, two building sections with around 15,600 m² of office space and 4,750 m² of retail rental space are being built on the approximately 5,200 m² site opposite KaDeWe and as an extension of Tauentzienstraße. The sustainable concept provides for a high-quality and energy-efficient element façade, which is planned for the front building with durable natural stone panels. The property is rounded off by spacious terraces and roof gardens on the striking point tower with views over Berlin. The building will also have its own underground car park with over 500 parking spaces and around 80 electric charging stations. The deepest excavation pit in Berlin to date has been dug for this, and the shell of the building is already in place.
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Lucius von Bethmann, Generalbevollmächtigter von Quantum. Foto frei für redaktionelle Zwecke bei Quellennennung: © Peter Hönnemann
About Quantum
Since its founding in 1999, the independent Quantum Immobilien AG has stood for forward-looking project development, attractive institutional investment products and holistic management of real estate investments.
The development business realises its own projects as well as joint venture or service developments. The main focus is on the office, retail and residential asset classes. In addition to new developments, special attention is paid to inner-city redevelopments. To date, real estate projects with a total value of approx. € 6.0 billion have been completed.
In the investment business, Quantum offers customised solutions for institutional investors via its own capital investment company. Assets under management come to a total of approximately € 12.0 billion.
