“IRISH INVESTORS are likely to spend upwards of €1bn this year on German property” Sunday Tribune

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The Project

Steinlein Lofts is a modern development situated within a listed building that was once a leather factory in the late 19th century. The building has been fantastically restored – the walls and the steal beams combined with a premium, daringly modern art décor, everything from the window design to the bathroom fittings. The car park is also an interesting feature with its glass roof and two-storey ports.

The building has also permitted the designers to create a truly unique design and to maximise the amount of space and light for residents. Owners of units in this project can be flexible in how they wish to lay out the apartment. You can accept architects suggestions or decide on the layout for yourself.

This is a truly luxurious development with beautifully designed interiors and hallways and with views over the neighbouring park. A healthy distance to surrounding buildings, your own park and vast lawns, partly pedestrianised cobblestone pavements, a surprisingly quiet location, as well as shopping options, services, bars & restaurants in the newly restored Zunfstalle.

Steinlein Lofts provides everything you would want a loft to be, a beautiful listed building with large windows and open spaces in a central location. With direct transport connections, a variety of local schools and day-care facilities for children as well as a variety of cultural activities, medical facilities and more.

Berlin - Property Investment Summary

Unique and spacious design for city centre.
Reasonably priced for high quality development.
Rental yields forecast at between 5.5 & 6.7%.
Ideal location & well connected by public transport.
Secure investment, high growth potential for economy.
Flexible layouts - at owner’s discretion.

The Properties Location

Steinlein Lofts are situated directly on the boarder of Prenzlauer Berg and Friedrichschain – two very popular districts of Berlin that offer a variety of cafés, bars, beautiful squares, markets, galleries and shops. Prenzlauer Berg is the centrepiece of any good tourist guide, as well as home to many celebrities. The district of Friedrichschain is popular has managed to preserve its more low key insider cult status over the years.

These days Berlin is mentioned in the same breath as all the other metropolitan cities of the world. Quite understandably so. Berlin is situated in the heart of Europe. It is both a home and a home-away-from-home for the world´s rich and famous. It is where different scenes and communities merge and come together. It boasts a wealth of beautiful architecture from the Industrial Age. And investing in property is comparatively low priced in Berlin. This is the basis that can make ideas and visions become a reality.

Property Plans

	Sophisticated ornaments and yellow clinkers is being renovated for your car, according to monument conservation guidelines. A historical hall with a glass roof and radio.controlled steel gates, make this your car´s equivalent to a Royal Box in the theatre.
	Your living room is your kitchen, your bedroom and your office? Steinlein Lofts lets you have your required amount of breathing space instead of a labyrinth of walls.
	With minimal effort partition walls can be erected, creating more rooms and making the loft into a family flat. Nevertheless, even this alternative remains as bright and welcoming as our traditional lofts.

Investing in Berlin

Most of the markets of Western Europe are experiencing the end of their property growth cycles. However Germany, and particular Berlin are at the beginning of theirs. After the years of reconstruction following re-unification Germany is now entering a new growth period.

Property Prices in Berlin

Prices in Central Berlin currently are approximately 10% of those in Central London for example. Berlin offers the same choice of properties one would expect from a major capital, from off-plan investments to typical studio and 1 bed apartments to new waterfront developments and luxury embassy district properties, however at a fraction of the price.

Indicators point to a pick up in the German economy. As the economy picks up so will spending power and of course property prices. Berlin will always be a secure investment however now is the time to invest and take advantage these prices.

Security of Investment

As mentioned above Berlin offers investors the security of investment associated with a capital city but also potential in terms of capital growth.

• It is a Cosmopolitan City with similar characteristics to London & Paris.
• Constant demand for rented accommodation from the local and ex-pat market
• Some of Europe’s best builders with bank guarantees on all payment received
• Renewed growth in Prices
• English speaking lawyers and rental Property Management Companies

The Institutions are in Place

Berlin is not a new property market. The property market in Berlin has existed for generations. It is a property economy not based on potential but based on years of proven performance.

As such all the institutions are in place to offer investors the necessary mortgage facilities along with essential legal assistance and pre-conveyance of property.

Locomotive of the European Economy

Germany has the highest GNP and the largest population of all of the countries of the European Union. (CIA World Factbook). Germany has traditionally been Europe’s economic leader and despite a sluggish economy in recent years the German economy is showing signs of recovery and will continue to lead the European economy into the future.

Pricing & Finance

Steinlein Lofts will be released in two phases. Currently available to investors is the first phase. This project is unique in that it offers investors the possibility of designing larger apartments they way they choose. You can take the apartment without walls, accept resident architect’s suggestions or design it your way. There may be a different cost associated with each of these options. Please enquire for more details on the different layout options and prices.

Prices in phase 1 range from €86,000 (£57,915 approx) for a studio loft of 41m2 up to €336,000 (£226,275 approx) for a 172m2 unit.

Unit Example with Options:

Unit No. C2.7, 2nd Floor
Surface area: 162.85m2
Loft Price: €318,000
Variant I, 3 rooms: €345,000
Variant II, 3 rooms: €331,000
Variant III, 4 rooms: €334,000
Variant IV, 4 rooms: €340,000

There is also parking available within the glass roof garage. Space is available for mopeds, single space, car port and then duplex parking, the cost varies dependant on your choice.

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