Projects
Completion of the development is scheduled for the second quarter of 2025, coinciding with the opening of the future line 15 of the Grand Paris Express.
The hotel is set to become the first DoubleTree by Hilton in Berlin, following an extensive multi-million euro remodelling.
Three new medium-sized IKEA stores are scheduled to be developed or under construction in Greece with the aim of opening in the next 2-3 years.
The current passing rent is £7.30 per sq ft on average versus a £10.90 per sq ft estimated rental value (ERV).
This deal marks Blackbrook’s first investment in Germany, and the eighth market the firm has entered since its launch in 2020.