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background-The Cube

The Cube

The cube

In December 2016, the Fund signed contracts to acquire the Cube, an office development project in Berlin. The 17,239 sq m building, completed in June 2020 and represents the European Citied Fund's 14th investment.

The iconic office asset has a striking glass façade and integrates the latest smart technology and is in a prime location between the Parliament Quarter and Hauptbahnhof Station, next to the River Spree. This is part of a long-term regeneration area called ‘Europacity’ and is one of the most important development areas in Berlin.

Being 100% pre-let to a strong occupier mix from legal and financial services sectors, on predominantly 10-year leases, the Cube is also under-rented on acquisition, experiencing strong rental growth and high occupational demand since the leases were signed, a result of Berlin being one of the top performing office markets in Germany.


Property images


The Cube Berlin

Further information

Status
Acquired in June 2020.

Find this property

Contact
Liz Sworn
Liz Sworn
Senior Director, Fund Management, Europe
Nuveen brand
125 years of unparalleled market insight — and counting.
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