Düren-based asset manager Jagdfeld Real Estate is tapping into new usage concepts for the retail sector and integrating assisted senior shared-living communities into an inner-city shopping centre for the first time in Berlin. The scheme is earmarked for the PLAZA Frankfurter Allee centre in Berlin's Friedrichshain district.
Long-term agreements have been concluded with two Berlin care service providers to implement the scheme. Ambulanter Pflegedienst MariEl GmbH and Elite Pflegedienst GmbH will jointly take over an area of around 1,480 square metres. Four outpatient assisted living communities are to be established across this space, accommodating a total of 48 residents.
Conversion of former office space and fit-out standards
The units concerned are situated on the second, fourth and sixth floors of the building and served as workspaces for various office tenants in the past. Following the recent handover, the storeys are currently undergoing extensive structural modifications. The measures centre on senior- and disabled-accessible fit-outs featuring barrier-free access alongside tailored technical and spatial fittings designed to facilitate independent living for future residents.
The contractually agreed lease takes effect on 1 January 2027. Under current scheduling, the initial residents are expected to move in during the first quarter of the same year.
Synergies of the mixed-use concept and occupancy levels
According to Benedikt Jagdfeld, owner and head of Jagdfeld Real Estate, the property's existing tenant mix favours the undertaking. The centre already brings together daily-needs retail, food and beverage outlets, office space and a private university. This urban mix of uses enables older citizens to remain centrally connected and live self-determined lives for as long as possible, despite their care needs.
With the lease signed for the care units, the PLAZA Frankfurter Allee centre reaches an occupancy rate of approximately 95 per cent, which represents full occupancy by standard market metrics.
- —Lettable area: around 1,480 m² on the 2nd, 4th and 6th floors
- —Tenants: Ambulanter Pflegedienst MariEl GmbH and Elite Pflegedienst GmbH
- —Capacity: Four outpatient assisted shared-living groups for a total of 48 people
- —Lease commencement: 1 January 2027 (occupation in Q1 2027)
