Catella Investment Management GmbH (CIM) and Catella Real Estate AG (CREAG) have acquired a newly built residential building in the Weitlingkiez area of Berlin-Lichtenberg for the Catella European Residential (CER) fund. The seller is OTTO WULFF Projektentwicklung GmbH.
The six-storey development includes 37 apartments with a total of around 3,000 sqm of living space. Units range from 55 to 110 sqm and are configured as two- to four-room layouts. Each apartment has a private outdoor area—balcony, loggia, or roof terrace—along with underfloor heating and a fitted kitchen. The scheme also includes an underground garage with 21 parking spaces, 106 bicycle spaces and is scheduled for completion at the end of 2025.
Michael Keune, Managing Director of CIM, said: “With this purchase in Berlin-Lichtenberg, we are investing in a modern, energy-efficient residential project in one of Berlin’s most neighbourhoods for Catella European Residential. The fund deliberately focuses on energy-efficient new buildings in established urban districts with a high quality of living and a stable rental market environment. The acquisition underscores our strategy to secure high-quality, ESG-compliant residential assets in dynamic urban locations for the long term.”
The building is designed to meet the EH 55 (KfW 55) energy standard and is connected to district heating. A rooftop photovoltaic system will provide part of the building’s energy supply, and around half of the apartments will be barrier-free. The underground parking area is pre-equipped for future EV charging points.
Benjamin Rüther, Head of Fund Management Residential at Catella Investment Management, said: “The apartment building impresses with its quiet yet well-connected location in the heart of Lichtenberg. In recent years, the Weitlingkiez neighbourhood has developed into one of the most sought-after residential areas in eastern Berlin, characterized by a lively community, Wilhelminian-style architecture, and a diverse infrastructure. The project offers exactly the blend of urban living and sustainable construction that makes Berlin such an attractive place to live.”
Tim Obermann, Head of Project Development Berlin at OTTO WULFF, added: “The Weitlingkiez is one of the most exciting neighbourhoods in eastern Berlin – characterized by an established community, excellent public infrastructure, and direct train connections to Alexanderplatz. For us, this was a special project because we are creating modern living space that integrates harmoniously into the historic Gründerzeit surroundings, becoming part of the identity of the popular neighbourhood around Archenholdstraße. Barrier-free designs, sun-filled south-facing balconies, and a beautiful courtyard complete the concept. We are pleased about the sale of the project to Catella. With them, we have found a partner who values the quality of the location and its long-term potential just as highly as we do.”
Weitlingkiez is located in eastern Berlin’s Lichtenberg district, with Lichtenberg S-Bahn and U-Bahn station an eight-minute walk away, offering direct connections across the city and to BER Airport. The neighbourhood includes shops, cafés, medical services, schools and daycare centres, while parks, playgrounds and the nearby Berlin Zoo provide additional leisure options.