19 February 2019
Union Investment lets more than 7,000 sq m of office space in downtown Berlin
Union Investment has successfully agreed two leases covering 7,200 sq m of office space in Berlin’s Mitte district. The new tenant in DomAquarée is IT company Ada Health, who has developed a leading artificial intelligence-enabled health platform that is empowering millions of people worldwide to better understand and manage their health. The company will occupy approximately 2,000 sq m of space from March 2019. In addition, Union Investment has renewed Humboldt University’s lease for approximately 5,200 sq m of space at Pergamon Palais on Georgenstrasse. Both leases are for extended periods. The letting to Ada Health was brokered by CBRE Germany.
Letting in DomAquarée
Ada Health was founded in 2011 by a team of doctors, scientists and software engineers with the shared belief that everyone should have access to the healthcare they need. Ada is an MIT solver, recipient of the AI for the Betterment of Humanity & Save the Children for Breakthrough Innovations for Children awards, and its health app has been number 1 in the medical category in over 130 countries. The company’s main customers include health insurance companies and health providers, with the platform supporting them to deliver quality, more effective healthcare. Ada Health intends to create dynamic open-plan offices at DomAquarée across two setback storeys which are internally connected by an open staircase.
Other digital companies in the 68,000 sq m DomAquarée building include ESRI, Mobile Motion and Techcode Accelerator.
Sven Lintl, Head of Asset Management Germany at Union Investment Real Estate GmbH
Lease renewal at Pergamon Palais
Humboldt University has been the main tenant of Pergamon Palais since it was constructed in 2011. Alongside 5,200 sq m of office space, the property also has some 1,000 sq m dedicated to apartments. The building is located in the immediate vicinity of the Pergamon Museum and is home to Humboldt University’s Institute for Culture Sciences and the Institute of Art and Visual History.
Sven Lintl, Head of Asset Management Germany