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Kaufhof to become StadtQuartier Schloßstraße – purchase contract concluded

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“StadtQuartier Schloßstraße”: After 5 years of standing vacant, the former Kaufhof complex in Mülheim an der Ruhr is set to be redeveloped.

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New headquarters at Airport City

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MSC 04

Berlin, Storkower Straße

Project data

AddressStorkower Straße 126-130, 10407 Berlin
Closest HighwayA114 (ca. 5,8 km)
Purchase Price Index90.7 (2011)
Catchment Area (4 km)160,000 Inhabitants
Car Frequency654 per hour
Site Area11,130 m²
Lettable Area5,168 m²
(Site 2,357 m², Building 2,811 m²)
More infosProject pdf

Germany’s capital, Berlin, is by far the biggest city in the country. Berlin’s economic weight is determined by its political significance as the capital of the largest country in Western Europe, with a population of 80 million. Although Berlin has below-average purchasing power and centrality, it is nevertheless one of the most popular places in Germany for national and international retailers. According to the GfK market research institute, Berlin’s retail sales amounted to approximately 16.57 billion euros in 2010.

MSC 04 occupies 10,000 square meters by a four-lane main road, Storkower Straße, in the east of Berlin. The site has a daily traffic volume of 31,400 vehicles. With its excellent position in terms of advertising and infrastructure, the Multi Service Center serves some 160,000 residents within a radius of around four kilometers, primarily in the area of Prenzlauer Berg.

The ratio of residential to commercial properties in the area is approximately 55:45. Berlin’s former slaughterhouses in the direct vicinity of the site have been transformed into a business district with more than 150 companies, primarily from the fields of IT and communication. The site has building permission for further expansion, if required.