German residential property specialist Estavis has acquired a property of around 37,600 m[sup]2[/sup] in Berlin comprising several listed buildings in the direct vicinity of the Spree. The listed properties on the site of the former Glanzfilmfabrik, a film factory in Köpenick, is to undergo high-quality renovation and conversion. Some 230 apartments will be built in three construction phases. In addition, the construction of new town houses is planned. The anticipated revenue volume will amount to around EUR 65 mln.
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