Construction of 55 condominiums in the summer of 2011 with the acquisition of 2.664-square-meter plot in Berlin-Charlottenburg realized again a residential property in Berlin construction investment group and thus further expanding the business field of the development of high-quality residential property in Prime inner-city locations. The seller was the real estate fund on behalf of the Federal State of Berlin. The plot is located in the Charlottenburg district Zille road 86 in close proximity to the Wilmersdorfer Strasse and shopping. Around 55 property apartments with a total of 6,300 square meters are created here by fall 2012 living space. The individual apartment sizes vary between 90 and 150 square meters. We see a strong demand in the Berlin market for flats in new building in inner city locations. Therefore we realize our third project in the capital with the Zille road now currently”, so Henning Hausmann, head of investment of the construction. The start of construction for the project occurred in the summer of 2011, the completion by autumn 2012. The investment volume will be around 25 million euros.