Embassy Berlin: discreet apartments in Berlin's international quarter
A collection of six residential buildings in the heart of Germany's capital, Embassy Berlin is targeting overseas investors.
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Free from the political and economic turbulence that have characterized some international markets in the last few years, Germany continues to be viewed as a safe haven for foreign capital in Europe. Home of the largest buy-to-let residential market in the continent, with robust legislation in place to protect real estate investments, Germany is the first choice for many overseas property investors when looking to Europe.
This is especially true for its capital Berlin, where renting is king and the home ownership rate is just 17 percent. Named the leading city for overall development prospects in Europe by PwC from 2015-18, steady population growth of 40,000 to 60,000 new inhabitants per year and a shortfall of available housing are keeping demand for Berlin property sky high and fueling price growth.
According to new residential research from Jones Lang LaSalle (JLL), capital appreciation has grown by 12.6 percent and rental rates by 8 percent in Berlin over the last 12 months. With demand continuing to exceed supply by around 70,000 units per year and completions expected to fall short of government targets, the Berlin residential markets are highly competitive and require that investors stay alert for new opportunities, especially in the highly sought-after central districts.
One appealing prospect entering the market is Embassy Berlin by developer Adam Europe. This collection of 133 apartments, townhouses and penthouses occupies an idyllic central location close to the River Spree, a stone's throw from Berlin's major embassies and top attractions.
Heart of culture, history and global politics
Embassy Berlin is tucked away in a quiet part of Berlin's diplomatic quarter, close to the major international embassies and walking distance from shops, gourmet restaurants and some of the city's most celebrated cultural venues. These include the museums and commemorative sites of Museum Island and the Gendarmenmarkt, Berlin's most attractive square.
Living in the center of Berlin also puts the major employers and hubs of creative industry close by. As well as the global headquarters of Mercedes-Benz, Siemens and other big names, the city supports creative industry with over 2,500 tech startups and 40,000 new companies founded every year.
With international airports serving direct flights as far afield as Beijing and Singapore, Berlin is also the world's leading conference city and draws the best and brightest students from the world over to its 47 universities and technical colleges. This provides a steady stream of talent for employers and maintains a high level of demand for well-connected property in the city center.
Urban yet atmospheric
Close to the River Spree, Embassy Berlin offers a tranquil nature setting in Berlin's historical center. Its six buildings have been designed by architect Sergei Tchoban to blend sympathetically with the area's existing architecture and green space, with a green roof and contrasting materials and colors establishing the development as a new local landmark.
Its 133 comfortable residences offer plenty of options for investors, from 33-square-meter studios up to 160-square-meter penthouses. All units are stylishly appointed, with high ceilings, spacious layouts and large windows maximizing natural light. Most apartments have a balcony or terrace offering views over the courtyard and the surrounding area, with a choice of interior design finishes and optional extras such as bespoke kitchens and furnishings.
Residents at Embassy Berlin will enjoy a luxury hotel experience with a grand lobby entrance, classic oak floors and underground parking available for units of three bedrooms and larger. Scheduled for completion by late 2020, units at Embassy Berlin are now available to overseas property buyers with prices starting from €299.50 (HKD 2,660).
