Ballymore spends €155 million on Berlin property

The Kudamm Karee comprises retail, office, restaurant, residential, theatre and car park space on the most important shopping street in the German capital. The Karee, which covers approximately 2 hectares (4.9 acres), is a landmark site. Ballymore plans a programme of refurbishment, renovation and redevelopment for the properties.

Sean Mulryan, Chairman and Chief Executive of Ballymore, said: “This is a stunning location in the very heart of one of the great cities of the world. We plan to further develop and enhance the Kudamm Karee to make it an appealing destination for Berliners and visitors alike. This demonstrates our global focus on large scale mixed use developments in prime locations.”

For further information, visit ballymore.co.uk.