EDGE Friedrichspark: Edge and PIMCO Prime Real Estate announce the start of a New Office Campus in Berlin

• First project within smart office development program backed by Allianz and Bayerische Versorgungskammer
• Net Zero Carbon: A blend of photovoltaic, ice storage, and heat pumps
• Ideally accessible location connecting the Berlin districts of Mitte and Friedrichshain-Kreuzberg
• GRAFT Architects in charge of creative planning

Edge and PIMCO Prime Real Estate announce the first project within the joint smart office development program, backed by Allianz Group companies and Bayerische Versorgungskammer (BVK), to develop prime sustainable office space in sought-after locations in Germany’s major cities: EDGE Friedrichspark Berlin. Located at Wriezener Karree 15, within walking distance to Berlin's Ostbahnhof, approximately 39,000 sqm of state-of-the-art, sustainable workspaces are
being built with the support of the general contractor Züblin. Completion of the bank-financed construction project is planned for spring 2026.

Dr. Andreas Muschter FRICS, CEO DACH, Edge comments:

With EDGE Friedrichspark, we continue to advance, alongside our partners, the development of health-oriented and sustainable commercial buildings. With this, we aim to send a positive signal to the industry in this first quarter of 2024. We look forward to setting a new benchmark in green buildings with this project.

Annette Kröger, CEO Europe at PIMCO Prime Real Estate, emphasizes:

We’re delighted to announce EDGE Friedrichspark as part of this partnership that focuses on creating future-oriented, smart office assets, aligned with the highest sustainability and technical standards. As the office market continues to trifurcate, it will be the best-in-class assets in excellent locations, such as EDGE
Friedrichspark, that will be in demand from strong tenants looking for modern, flexible workspaces. By capitalizing on this flight-to-quality trend, we aim to create value for all stakeholders.

Rainer Komenda, Head of Real Estate Investment Management at Bayerische
Versorgungskammer, says:

The Friedrichspark project in a flourishing location in Berlin’s Friedrichshain-Kreuzberg district will be a landmark of future office culture: by focusing on sustainable, modern office space, this project is in tune with the times. We are delighted to be able to present our investors with such a future-oriented property in our portfolio.

EDGE Friedrichspark stands out for its Net Zero operational carbon emissions. More than 2,000 square meters of solar panels, the use of heat pumps, and the integration of an approximately 1,000 cubic meter ice storage system allow the 100% fossil-fuel-free operation of the building.

Tenant health also at the heart of the project
Approximately 500 bicycle parking spaces, compared to about 80 car parking spaces – of which 100% can be equipped with electric charging stations – highlight the ecological and health-conscious design of the development. EDGE Friedrichspark is shaped around an approximately 3,000 square meter courtyard, which will serve as a relaxing green open space for visitors and
users.

The project aims to achieve high sustainability and wellbeing standards, evidenced by its Platinum pre-certification from the German Sustainable Building Council (DGNB), the expected Platinum Certification under WELL v2 from the International WELL Building Institute, and adherence to the Paris Climate Agreement.