The Kudamm Karree comprises retail, office, restaurant, residential, theatre and car park space on the most important shopping street in the German capital. The Karee, which covers approximately 2 hectares (4.9 acres), is a landmark site. Ballymore plans a programme of refurbishment, renovation and redevelopment for the properties.
Sean Mulryan, Chairman and Chief Executive of Ballymore, said:
The world-famous Kurfürstendamm, known to Berliners simply as "Ku'damm," is Berlin's most popular shopping street and promenade.
Ballymore is one of Europe’s largest property developers and investors. It’s most significant interests are in the UK, Ireland and the countries of Central and Eastern Europe. It currently has 58 major projects under construction or in planning. The total built areas of its projects is over 4 million square metres (43 million square feet). It is a privately-owned business with principal offices in London and Dublin.