Siemens building a large industrial hub in Berlin at €600M

Germany, Berlin: Siemens AG plans to make an investment of up to €600 million at its industrial estate in Berlin’s Spandau district in a new hub that will connect the worlds of working and living.

The project called Siemens City will cover an area of 70 hectares aiming to transform this large industrial area into a modern, urban district that will connect manufacturing, researching, learning and living, the company said in the press release.

A further goal is to strengthen selected key technologies and innovation fields in collaboration with the scientific and business communities. To make this possible, this hub is to become home to centres of research and expertise, to start-up incubators and to research and scientific institutes as well as their partner companies, the release said.

Source: Siemens