Primus secures over €250m for Berlin residential projects

Berlin-based residential developer Primus Immobilien has secured over €250 mln in financing for four Berlin projects since the start of 2025. 

These projects, totalling over €400 mln in gross development value and 70,000 m2 of gross floor area, include three rental housing developments and a fully pre-let hotel/serviced apartment project. 
Located in desirable areas like Prenzlauer Berg, Charlottenburg, and Kreuzberg, the projects are slated for completion in 2027 and 2028. 
Financing partners include HVB/UniCredit, Berliner Sparkasse, DZ HYP, and a major German insurer.
David Neuhoff, CFO of Primus, commented: "In a still tense market environment, obtaining financing for project developments is anything but a given. It is all the more gratifying that our Primus projects are enjoying great trust from banks and institutional partners." 
Sebastian Fischer, CEO of Primus Immobilien, added: "Even under the current difficult conditions, Primus is proving to be a reliable partner with strong concepts, extensive market expertise, and compelling project locations. The residential real estate sector remains our strategic focus. We plan further acquisitions in 2025, both in the rental and owner-occupied segments." 
All four projects are fully financed, a testament of their high quality and attractiveness.