The property is situated in a central area of Berlin-Lichtenberg, opposite the Friedrichshain and Prenzlauer Berg. The former textile factory VEB Fortschritt was transformed in two construction stages into a premium class residential complex. 65 new modern apartments with a total living space of 3,061 m² were created in the former administrative building. 96 apartments in loft style with a total living space of 11,842 m² were created on a site of the former factory.

Overview
Project data and key figures
Project details
Sales volume (GDV): 23,800,000 EUR
Total area of the land: 9,456 m²
Area for rent/sale: 14,903 m²
Car parking spaces: 95 95 underground parking
Target rent: 8.50 EUR/m² from 7.80 EUR/m² to 9.50 EUR/m²
Construction period: July 2010 to August 2012
Object condition: no Information
Heating type: no information
Major Energy Carrier: no information
Energy certificate: no information
Verwaltungsgebäude
Object type: residential
Produktionsgebäude
Object type: residential
Image Gallery
Current status rental and sale
Current state letting

The object has been already rented.

For reservation please contact our administration.

Current state letting
100%
161 from 161 units are rented
Current state sale

The object was sold turnkey and fully leased to a capital investment company (Versorgungskasse).

Current state sale
100%
161 from 161 units are sold
Property specification - Micro environment / Macro environment

Berlin

Berlin is the capital city and the seat of government of Germany. The city state of Berlin is an independent federated state of Germany and is the center of the Berlin/Brandenburg Metropolitan Region. Berlin is the largest and the most populous city in Germany and the second largest city in the European Union.

Berlin is an important political, cultural, scientific and media center of Europe. The metropolis is an important traffic junction and is one of the most visited cities of the continent. Berlin’s outstanding institutions such as universities, research institutions, theatres and museums have gained international recognition. Therefore it is an attractive magnet for tourists and artists from over the world.

More than 80 percent of the companies based there are from the service sector. In particular, organic and medical technologies, pharmacy, art, media, information and communication technologies belong to the growth industries of the city. The biggest companies based in Berlin are Siemens, Deutsche Bahn and Vattenfall Europe.

Macro environment area: 892 km²
Macro environment population: 3,513,000
Macro environment population density: 3,939 Einwohner je km²
Macro environment unemployment rate: 11.8 %
Macro environment purchase power index: 94.5

Lichtenberg

The district of Lichtenberg is one the dynamic development points of Berlin. The sustainable, economically impressive changes of the district in recent years are currently demonstrated by an impressively stable demand for sophisticated living spaces that can be met only by constructing of new houses. The district has an excellent dynamic local infrastructure. The neo-Gothic town hall, relaxing parks, such as the city park and the shopping center “Ring center” are situated in the immediate vicinity and can be reached by foot. The lively Friedrichshain is just a stone's throw away; the popular East City can be reached by car or public transport in just a few minutes.

Micro environment area: 52.00 km²
Micro environment population: 266,300
Micro environment population density: 5,093 Einwohner je km²
Property environment
Distance to city centre: 5.0 km
Distance to railway station: 1.4 km
Distance to motorway: 10.0 km
Distance to nursery: 0.3 km
Distance to local public transport: 0.3 km
Distance to school: 0.6 km
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