Trend neighborhoods: Few new buildings, many new residents – Berlin remains attractive to investors
Although interest in the capital remains high, there is still not enough construction taking place. However, many new city quarters are being planned. And there is also a new trend.
In the Berlin district of Trendviertel, construction projects are scarce while the population of new citizens continues to grow, attracting investors to the area. The dilapidated ruin, once a venue for East German sports stars in the 1960s, has since been expanded into a sports and congress center. However, the building has fallen into disrepair, marked by graffitied windows and barred by a fence to deter unwanted visitors. Nearby residents regularly discard diapers on the property.
Florian Lanz, Managing Director of Laborgh Investment GmbH, is leading the redevelopment efforts for the site alongside Periskop Development. Lanz emphasizes the site's appeal due to its size, strategic location, and historical significance. "This property stands out because of its scale, location, and heritage," Lanz explains. "Most importantly, it has remained unused for decades, shaping the cityscape as a ruin."
Periskop Development's chief Petra Müller anticipates that the masterplan will be finalized by the end of the year. The plan calls for the construction of approximately 700 rental apartments, which will eventually integrate with the inventory of Berlin's seven municipal housing companies. Additionally, the development is set to feature commercial spaces, medical offices, and a daycare center.
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