NEON advises Blackstone/OFFICEFIRST on the leasing of X8.Berlin

NEON is providing comprehensive advice to Blackstone/OFFICEFIRST on the leasing and restructuring of X8.Berlin in Kreuzberg, formerly known as the Axel Springer Passage.

Owner Blackstone and asset manager OFFICEFIRST are investing a three-digit million sum in the restructuring and modernization of the arcade space, which was originally open to the public and predominantly used for retail.

In total, more than 61,000 m² of flexible office space is being created in the building, which opened in 2004. Around 18,000 m² of office space has already been leased to the Bundesanstalt für Immobilienaufgaben (BImA) on a long-term basis in 2020.

Background:

NEON has already been comprehensively advising Blackstone/OFFICEFIRST on the leasing of numerous commercial properties of the Blackstone Group in Germany (including in Berlin, Hamburg and Hanover) since the beginning of 2020. We are pleased to be able to further expand and deepen the relationship.