PROBIS° 2.0

Berlin, Germany

Office

Project

Four office properties in Berlin, a leveraged portfolio.

An office portfolio consisting of four properties: former senior living complexes in Mitte, converted into premium office space, as well as renovation and new leasing in Kreuzberg.

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app.prob.is/projects/arrow-portfolio-berlin

Overview

Invoices

Exam

Approval

Costs

Report

Budget

€104.5M

Commissioned

€101.3M

Billed

€66.9M

Forecast Variance

+1.2%

Arrow Portfolio, Berlin

Incoming Invoices

New

RE-2026-0418

Rohbau Nord GmbH · PDF

Contract

300.01 Structural Work

Gross Amount

184,200.00 €

Service Period

09/2026

✓ Data detected

→ Assigned to a contract

Cash Flow Statement

Plan · Actual · Outflow

M12

M18

M24

Costs

2 out of 4 within budget

PackageBudgetProgramStatus

Structural Work & Core€38.2M€38.0MWithin budget

Facade€14.6M€15.3MAudit

TGA€27.9M€28.4MAudit

Expansion€16.4M€16.4MWithin budget

Projected cost upon completion: €105.8 million. Illustrative screenshot with fictitious demo data.

Cost per square meter

€3,480

Benchmark

€3,410

Cost Items

312

Comparative Projects

Arrow Portfolio, Berlin

Estimate vs. Median

Structural Work

Facade

TGA

Expansion

Estimate

Median

Cost per square meter vs. comparable projects

18 projects

Low

Median

High

Cost Groups

3 out of 4 within the framework

Cost GroupEstimateMedianStatus

Structural Work & Core€38.2M€37.6MAs part of

Facade€14.6M€13.4MAbove

TGA€27.9M€27.1MAs part of

Expansion€16.4M€16.9MAs part of

Estimated value: €104.5 million, benchmarked against 18 comparable projects. Illustrative screenshot with fictitious demo data.

Projects

Total Budget

€412M

Early Warnings

Funding Coverage

96%

Arrow Portfolio, Berlin

Early Warning

New

EW-2026-007

Riverside Campus · TGA Package

Forecast Variance

+7.1%

Responsible

Project Management

Decision Due

November 2026

✓ Automatically selected

→ Assigned to the person in charge

Budget per Project

Budget · Forecast

Northwind

Harbor

Elm St

Riverside

Portfolio

2 Early Warnings

ProjectBudgetVarianceStatus

Northwind Yards€104.5M+1.2%Within budget

Harbor Point€138M+3.8%Audit

Elm Street Lofts€61M−0.4%Within Budget

Riverside Campus€108M+7.1%Early Warning

Two early warnings triggered, each with a designated person in charge and a decision deadline. Illustrative screenshot with fictitious demo data.

Bids Received

Budget line item

€14.6M

Lowest vs. Budget

−3.4%

Change Orders

Arrow Portfolio, Berlin

Change Orders

2 new

CO-2026-016

Facade Package · Meridian Facades

Reason

Change to the Glazing Specifications

Amount

+124,000.00 €

Recorded so far

6 · 420,000 €

✓ Within the budget line item

→ Awaiting approval

Bids vs. Budget Line Item

€14.6M Budget

Commandment 1

Commandment 3

Commandment 5

Award of the Facade Contract Package

Awarded for €14.3M

BidderBidvs. BudgetStatus

Alder Facades€14.1M−3.4%Non-compliant

Meridian Facades€14.3M−2.1%Awarded

Kestrel Envelope€14.8M+1.4%Shortlist

Norland Glass€15.9M+8.9%Rejected

Contracts awarded for €14.3 million against a budget allocation of €14.6 million. Illustrative screenshot with fictitious sample data.

PGIM

For Signature Capital, a former project

Customer

Control

Manage

Calculate

The Project

The Project in Numbers.

An office portfolio consisting of four properties in Berlin-Mitte and Kreuzberg, converted and renovated into premium office space.

Office portfolio consisting of four properties. Former senior living complexes in Mitte, converted into premium office space; renovation and re-leasing in Kreuzberg. PROBIS provides funding utilization monitoring and AI-powered reporting for investors and project developers; funding disbursements are based on construction progress, not on the accumulation of invoices.

Location

Berlin, Germany

Time period

2019

Asset Class

Office

Scope

Funds-Usage Monitoring and AI-Powered Reporting for Investors and Project Developers.

Customer

PGIM

4 Office Properties in Mitte and Kreuzberg
40,000+ m² of potential rental space

On the platform

The modules behind this project.

The PROBIS modules used in this project, displayed on illustrative screens with sample data.

Control

Forecast and actual figures are reconciled continuously, line item by line item.

Manage

Ongoing asset and facility management once the project is operational.

Calculate

Cost calculation based on quantity surveying, starting from the earliest planning stage.

app.prob.is/projects/

arrow-portfolio-berlin

Overview

Invoices

Exam

Approval

Costs

Report

Budget

€104.5M

Commissioned

€101.3M

Billed

€66.9M

Forecast Variance

+1.2%

Arrow Portfolio, Berlin

Incoming Invoices

New

RE-2026-0418

Rohbau Nord GmbH · PDF

Contract

300.01 Structural Work

Gross Amount

184,200.00 €

Service Period

09/2026

✓ Data detected

→ Assigned to a contract

Cash Flow Statement

Plan · Actual · Outflow

M12

M18

M24

Costs

2 out of 4 within budget

PackageBudgetProgramStatus

Structural Work & Core€38.2M€38.0MWithin budget

Facade€14.6M€15.3MAudit

TGA€27.9M€28.4MAudit

Expansion€16.4M€16.4MWithin budget

Projected cost upon completion: €105.8 million. Illustrative screenshot with fictitious demo data.

Cost per square meter

€3,480

Benchmark

€3,410

Cost Items

312

Comparative Projects

Arrow Portfolio, Berlin

Estimate vs. Median

Structural Work

Facade

TGA

Expansion

Estimate

Median

Cost per square meter vs. comparable projects

18 projects

Low

Median

High

Cost Groups

3 out of 4 within the framework

Cost GroupEstimateMedianStatus

Structural Work & Core€38.2M€37.6MAs part of

Facade€14.6M€13.4MAbove

TGA€27.9M€27.1MAs part of

Expansion€16.4M€16.9MAs part of

Estimated value: €104.5 million, benchmarked against 18 comparable projects. Illustrative screenshot with fictitious demo data.

Bids Received

Budget line item

€14.6M

Lowest vs. Budget

−3.4%

Change Orders

Arrow Portfolio, Berlin

Change Orders

2 new

CO-2026-016

Facade Package · Meridian Facades

Reason

Change to the Glazing Specifications

Amount

+124,000.00 €

Recorded so far

6 · 420,000 €

✓ Within the budget line item

→ Awaiting approval

Bids vs. Budget Line Item

€14.6M Budget

Commandment 1

Commandment 3

Commandment 5

Award of the Facade Contract Package

Awarded for €14.3M

BidderBidvs. BudgetStatus

Alder Facades€14.1M−3.4%Non-compliant

Meridian Facades€14.3M−2.1%Awarded

Kestrel Envelope€14.8M+1.4%Shortlist

Norland Glass€15.9M+8.9%Rejected

Contracts awarded for €14.3 million against a budget allocation of €14.6 million. Illustrative screenshot with fictitious sample data.

Projects

Total Budget

€412M

Early Warnings

Funding Coverage

96%

Arrow Portfolio, Berlin

Early Warning

New

EW-2026-007

Riverside Campus · TGA Package

Forecast Variance

+7.1%

Responsible

Project Management

Decision Due

November 2026

✓ Automatically selected

→ Assigned to the person in charge

Budget per Project

Budget · Forecast

Northwind

Harbor

Elm St

Riverside

Portfolio

2 Early Warnings

ProjectBudgetVarianceStatus

Northwind Yards€104.5M+1.2%Within budget

Harbor Point€138M+3.8%Audit

Elm Street Lofts€61M−0.4%Within Budget

Riverside Campus€108M+7.1%Early Warning

Two early warnings triggered, each with a designated person in charge and a decision deadline. Illustrative screenshot with fictitious demo data.

Control

Manage

Calculate

The Customer

PGIM

PGIM Real Estate is the real estate division of Prudential Financial's asset management business and covers equity, debt, agricultural, and impact strategies.

View Customer