In the “Station Kiel” project, developer REINVESTA converted a listed warehouse building built in 1905 into student apartments.
In the period from the first quarter of 2021 to the third quarter of 2023, a total of 72 micro-apartments were created as investment properties and condominiums. The flats were fully furnished by the property developer and equipped with pantry kitchens and shower rooms.
REELAB provided support in the acceptance process on behalf of the final purchaser CK Investments.
The main task was to assess the construction work including the review of the contractually owed performance in accordance with the purchase agreement. In addition, REELAB defined appropriate retentions for outstanding construction work and acceptance certificates that were not yet available.
The project was handled in cooperation with the local partner office KVL Bauconsult Hamburg GmbH.
The Carlyle Group, based in Washington D.C., has total assets under management of USD 201 billion. As part of an investment programme, residential properties were acquired over a period of two years. The investment programme increasingly targeted residential properties in Berlin with development potential in the affordable segment.
From 2017 to 2019, REELAB acted as a technical partner for the Carlyle Group as part of the acquisition process.
Following the technical due diligence, REELAB provided construction management services for the acquired properties for the years 2018 to 2021. The aim of the assignment was to secure the expected return and to meet the scheduling and quality requirements of the sales planning.
Baucontrolling – Creso CapitalCresco Real Estate is a full-service real estate company that has its origins in project development and has offices in Berlin, Luxembourg and London. Its expertise ranges from investment management to concept and project development to property operation. Projects include the asset classes of residential, especially micro apartments, offices, hotels and entire neighbourhood developments. Particularly noteworthy are the development of SOHO House and STATION Berlin.
In 2014 – 2017, the project at Frankfurter Tor was developed with the uses of student housing, micro-apartments and co-working spaces on the ground floor. From 2016 to 2017, REELAB was commissioned by KVL Projektmanagement Berlin GmbH to carry out construction and financing controlling. The aim of the assignment was to ensure compliance with the deadlines and quality specifications defined in the project contract.