Berlin, January 14, 2022. The Hamburg-based real estate company Becken has handed over the Berlin office and commercial building "NEO - Büro am Ku'damm" at Knesebeckstraße 62 / 63 to HanseMerkur Grundvermögen AG as planned on December 31, 2021. The entire office space of around 8,500 square meters was let to the International Workplace Group (IWG) as a single tenant. IWG was able to move into its "Signature" co-working spaces as early as December 2021. "Signature" is an IWG brand for flexible workplace solutions. The concept includes a high-quality business club with a bar, business lounge and community areas. As part of a forward deal, Becken concluded the contract for the sale of the office and commercial building with HanseMerkur Grundvermögen AG in September 2020.

Dominik Tenhumberg, Managing Director of Becken Development GmbH, says: "We are delighted that we were able to hand over the 'Neo' with its special architecture and flexible floor plan structure to HanseMerkur Grundvermögen AG on time. With the plans by Nöfer Architekten from Berlin, we have succeeded in creating workplaces with a feel-good factor in the immediate vicinity of Ku'damm. The use of high-quality materials and a curved façade made of light-colored natural stone has created a visually appealing building that complements Knesebeckstrasse and enhances its urban appearance. The landscaped inner courtyard with a water feature offers future office users a place of tranquillity."

Ulrich Haeselbarth, deputy CEO of HanseMerkur Grundvermögen AG, says: "We are delighted to have acquired a particularly attractive office and commercial building in an absolutely prime location in the German capital with the purchase of the 'Neo'. The purchase transaction with the Becken Group was - as usual - extremely professional and based on partnership."

Stefanie Lürken, Country Manager Germany at IWG, explains: "I am delighted that we have been able to rent space in Berlin for another 'signature' project with our office and co-working concept in a premium location. This means we are in the right place at the right time and offer companies from a wide range of sectors, start-ups and other users the right flexible spaces to enable hybrid working. I would like to thank all representatives of the Becken Group for their excellent cooperation, which has enabled us to implement our concept in the usual manner and quality."

Roland Köppe, Branch Manager of Becken Development GmbH, says: "We are proud that we were able to complete this project on time and to the planned quality standards despite the pandemic-related restrictions. In this context, I would like to point out the very good and cooperative partnership with IWG, the architectural firm Nöfer Berlin and all other trades. I would also like to thank our employees on behalf of the management. Ultimately, we were able to realize the construction project quickly thanks to the cooperative collaboration with the relevant authorities.

The building has a flexible floor plan structure with freely movable room modules on each floor, which enable both single and multi-tenant use. There are 62 parking spaces for car drivers in the two basement levels, as well as additional electric charging stations and 150 bicycle parking spaces.

Becken acquired two partial plots of land in Berlin-Charlottenburg for the project development in 2015 and 2016. The existing buildings were demolished in 2019 following the termination of a hotel rental agreement.