:
Germany: Serviced apartment operator smartments has leased 206 units in the FORTY4 district in Berlin-Freidrichshain.
The new building – owned and being developed by a Berlin-based family office – is close to Oberbaum Bridge, the East Side Gallery, and Warschauer Straße. Opening is scheduled for 2029.
Plans include apartments ranging from 18 to just under 30 square meters, each featuring a private kitchen and workspace. Almost all units will have a balcony or terrace.
Additional spaces include a 300-square-metre lobby with areas for socialising and working, as well as a landscaped inner courtyard.
The wider FORTY4 development comprises around 41,000 square meters of gross floor area, combining office space, residential units, hospitality, and dining facilities across five buildings.
Jens Kindschuh, managing director of smartments, said: “We appreciate the trust placed in us and look forward to the collaboration within the FORTY4 district. The location, mix of uses, and quality of the district align perfectly with our growth trajectory, and this deal represents a significant step for us in one of our key markets.”
Oliver Vinsant, director of development at smartments, added: “FORTY4 is a prime example of the type of location we seek: central settings, clear demand, excellent transport links, and a product designed for flexible stays. We aim to significantly expand our portfolio over the coming years and are currently evaluating additional locations across Germany.”
Elsewhere in Germany, smartments is targeting central locations with properties that have approximately 150-250 units.
The company currently operates 16 properties, comprising approximately 2,400 apartments, across Germany and Austria.
Highlights:
- Serviced apartment operator smartments has signed a lease for 206 units within the FORTY4 mixed-use district in Berlin-Friedrichshain, scheduled to open in 2029.
- Owned and developed by a Berlin-based family office, the project features apartments ranging from 18 to under 30 square meters, equipped with private kitchens, workspaces, and balconies or terraces.
- Community amenities include a 300-square-metre coworking and social lobby alongside a landscaped inner courtyard within the broader 41,000-square-metre FORTY4 district.
- Led by managing director Jens Kindschuh and director of development Oliver Vinsant, the transaction expands smartments’ portfolio beyond its current 16 properties comprising roughly 2,400 apartments across Germany and Austria.
