Investment managers are constantly looking to diversify and develop investments with not only an ESG lens, but projects which pioneer the firm's global sustainability aspirations. Hines is one such firm. They have recently partnered with several pension funds to develop a mixed-use scheme which will house both office and residential developments in Berlin-Schöneberg, Germany.
Edging upon central Berlin, the area houses Berlin's infamous department store Kaufhaus des Westens (KaDeWe), and Hines believes that this area is becoming increasingly attractive for both office and residential use. The development is centred around sustainable architecture and use.
Hines certainly have the right idea for their real assets developments and are setting new standards for other players to follow.
Global real estate investment manager Hines has partnered with five German pension funds to develop a mixed-use scheme in Germany. Hines and the unnamed pension funds have acquired land to develop the scheme combining both office and residential units spanning 60,000sqm in Berlin-Schöneberg... we will seek to reduce the operational CO2 consumption of the building by implementing new digital technology and interfaces for tenants. Our general focus is to deliver a dynamic and flexible scheme using technology to create a digitised project. The new building aims to become our best ESG development in Germany, setting new standards and complementing our pioneering project at Südkreuz.