CA Immo concludes long-term lease agreement for approx. 11,500 square metres for the Berlin revitalisation project 'Karlsgärten'

• Building already fully let before construction work begins
• Lease agreement is one of the largest new leases in Berlin in 2025
• Comprehensive modernisation and expansion in a prime location on Potsdamer Platz
• Long-term, 15-year lease strengthens CA Immo's high-quality Berlin portfolio and will contribute significantly to stabilising CA Immo's sustainable, recurring income (FFO1) from the third quarter of 2027 onwards

CA Immo has concluded an exclusive lease agreement for its Berlin office building "Karlsgärten", not far from Potsdamer Platz, covering the entire building of approximately 11,500 sqm with a large public company. With the conclusion of the lease agreement, CA Immo has also decided to comprehensively modernise and expand the existing building at Am Karlsbad 11, investing around €45 million in the planned measures.

Keegan Viscius, CEO of CA Immo: "This lease agreement, one of the largest deals in Berlin in 2025, once again underlines the high quality and attractiveness of our portfolio and our development projects. It is also clear evidence that high-quality office space in very good locations continues to be in high demand. We are ensuring this with our strategy of focusing on Class A office buildings, active portfolio management and consistent capital rotation. The 15-year lease agreement will strengthen CA Immo's high-quality portfolio in Berlin in the long term and contribute significantly to stabilising CA Immo's sustainable, recurring income (FFO 1) from the third quarter of 2027 onwards. With our strong project pipeline in Berlin, we will continue to pursue this course consistently and further sharpen the quality profile of our portfolio."

CA Immo acquired the office building in 2019 with the aim of realising the property's full potential on the Berlin office market through comprehensive modernisation and expansion. The existing building, constructed in 1994, had a rental area of around 10,000 sqm. As part of the modernisation work that has now begun, the building will first be completely gutted and an additional floor will be added using a visible hybrid timber construction method. The space on offer will be complemented by a spacious roof terrace and green outdoor areas in the inner courtyard, creating additional lounge and communication areas. Other features include a service foyer with a coffee point and canteen area, as well as conference rooms on the ground floor.

The plans were drawn up by Berlin-based architects Aukett+Heese. Once the modernisation work is complete, the building will have around 11,500 sqm of rental space.

The modernisation is being carried out in compliance with strict sustainability criteria. Parts of the existing natural stone façade are being recycled and reused as building material. The focus on the use of wood and the reuse of key materials reduces the CO₂ footprint of the construction to around one third of that of a new building. The building will also be equipped with a photovoltaic system. It will be converted into a "nearly zero energy building" (NZEB) and will meet current and foreseeable requirements of the EU taxonomy. District heating from the municipal network is planned as the heating energy source. The projected final energy demand is 74 kWh/m²a, which will reduce the previous energy consumption (210 kWh/m²a) and CO₂ emissions by around two-thirds compared to the existing building. The aim is to achieve DGNB Platinum certification for the highest sustainability standards and WiredScore Gold certification for excellent digital connectivity.

In addition to the Karlsgärten project, CA Immo is currently realising or planning five further state-of-the-art and sustainable office properties in Berlin, which will significantly expand CA Immo's Berlin portfolio in the coming years. Together with Karlsgärten, the Berlin development pipeline comprises more than 115,000 sqm of rental space. These include:

• Upbeat at Nordhafen (approx. 35,000 sqm, headquarters of DKB Bank, completion in 2026),
• The Anna Lindh Haus at the main railway station (approx. 16,000 sqm hybrid timber building, planned completion in early 2027),
• Skygreen at Hallesches Ufer 74-76 (approx. 18,000 sqm timber hybrid atrium building, possible completion in 2028),
• the Alexander von Humboldt Haus at Humboldthafen (approx. 6,500 sqm, possible completion in 2028) and
• the Hamburger Höfe in the immediate vicinity of the main railway station (approx. 28,000 sqm, possible completion from 2030).