Real Estate Investments
In line with Tekfen’s strategic business objectives, control of the Real Estate Development Group, which hitherto had been conducting its operations as a directly-held subsidiary of Tekfen Holding, was transferred to Tekfen Construction in 2019. Tekfen’s real estate development and investment operations henceforth will be carried out through that company:
Being undertaken in Germany’s capital Berlin, the Denkmal in Dahlem Project involves the restoration of two historical buildings in Dahlem, one of the city’s most affluent and prestigious districts. The project, consists of two buildings which were originally constructed in 1907 and which will have a total of 4,500 m2 of sellable/leasable space. The Berlin Office Complex Investment involves the partial renovation and subsequent management of a complex of five office buildings with a total of 64,774 m2 of leasable space located in downtown Berlin. The project’s architecture, planning, development, and marketing works are currently in progress and modification work will get under way once licensing formalities have been completed.
An office building located in Dortmund Germany and originally built in 1993, that will generate rental income. Situated in the heart of the city in a prominent location, the building has 24,611 m2 of leasable space. Renovation works will get under way in 2020.