Site purchase financing for European Student Housing Fund II

Rathenau-Hallen Berlin

The property

The Rathenau-Hallen in Berlin was purchased in the first half of 2019 by BaseCamp, a vertically integrated developer, operator and investment manager, on behalf of European Student Housing Fund II.

The Rathenau-Hallen site benefits from a waterside location on the River Spree in the neighbourhood of Oberschöneweide (in the Berlin district of Treptow-Köpenick), best known for the HTW Campus and its proximity to the Adlershof science and technology cluster. The project site is occupied by a number of office and commercial buildings with a current net lettable area of around 60,000 sqm. The existing industrial-style buildings are arranged in a campus setting and are for the most part monument-listed.

BaseCamp is developing the Rathenau-Hallen into a sophisticated district with a focus on contemporary office and light production space. The site will also be developed with a residential and hospitality campus and commercial space for convenience retail, restaurants, culture and leisure amenities. The restructure of the historic Rathenau-Hallen and the planned new buildings on-site will host both newly-formed and established companies, offering the opportunity for students, young professionals and other staff to network with local firms.

Facts & figures

Property name Rathenau-Hallen
Address Wilhelminenhofstrasse 83 - 85 in 12459 Berlin
Submarket Oberschöneweide
Asset class Mixed-use (office, retail, residential, student housing)
Year of construction 2020 – 2023
Lettable area 109,000 sqm (planned)
Owner European Student Housing Fund II
Activities Site purchase financing: sourcing & execution
Mandate period Q4 2019

The challenge

The sourcing and implementation of tailored site purchase financing for the Rathenau-Hallen was achieved within a very short timeframe before the contractually agreed closing date. An original financing partner withdrew at short notice which required a swift and targeted approach to possible alternative capital sources.

The tools

Business Plan

Financing memorandum

The result

Building Value: The positive results from Real Estate Finance for Rathenau-Hallen

7131 210311 Halle2 Johannes
    • Successful conclusion of senior site purchase financing with a German loan fund
    • European Student Housing Fund II was able to secure attractive financing conditions