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Blog | 29. Dezember 2016

BERLIN’S EVOLVING NEIGHBORHOODS

Like no other city in Germany, Berlin stands for revolution and evolution, and for the juxtaposition of opposites. For a long time these have been an inherent part of the city’s topography – after all, for decades the Spree metropolis was divided into East and West by the Wall. Today, there is not that much left to remind us of this fact. The Wall was torn down, the city’s districts are now growing together, and the last strips of no man’s land in the inner-city are being developed to construct new apartments, which are still in very short supply in Berlin.

OPPORTUNITIES FOR APARTMENT BUYERS

The quarter between Potsdamer Straße, Bülowstraße and Schöneberger Ufer is a perfect example. This is an outstanding downtown location – just a stone’s throw from Potsdamer Platz, Friedrichstraße and Kuʼdamm, and home to large numbers of companies, associations and charitable foundations, and the workplace of thousands of Berliners. Right now, 550 new apartments are being developed, along with countless restaurants, cafés and shops. Many of the new apartments are condominiums and, given their location close to central Berlin, they are of great interest to both owner-occupiers and investors.

CENTRAL LOCATION, SOPHISTICATED AMENITIES

Here, on an undeveloped site at the junction of Kurfürstenstraße and Else-Lasker-Schüler-Straße, “Carré Voltaire” is currently under construction. At a cost of EUR 58 million, 127 exclusive condominiums are being developed, offering a total of 12,000 square meters of living space across eight storeys. In addition, the development includes 200 square meters of commercial space, which has been earmarked for a café and retail boutique, and an underground parking facility with approximately 88 double-width parking spaces, a charging station for electric vehicles and E-Bikes, and storage space for 180 bicycles. The one- to five-room apartments will cost between EUR 4,200 and 7,400 per square meter.

Construction is well underway in many other parts of the neighborhood. In Tiergarten-Süd, on the furniture store car park on the corner of Genthiner and Kurfürstenstraße, 170 apartments and an organic supermarket are being built. At Genthiner Straße 40, 113 apartments and 1,950 square meters of commercial space are being developed in a chic, industrial-loft style. And between Genthiner and Derfflingerstraße, 88 apartments, in combination with space for start-ups and creative companies is planned. The new development has been designed to offer a mix of compact rental units and condominiums. The apartments are available for purchase from EUR 4,500 per square meter.

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Blog | 29. Dezember 2016

BERLIN’S EVOLVING NEIGHBORHOODS

Like no other city in Germany, Berlin stands for revolution and evolution, and for the juxtaposition of opposites. For a long time these have been an inherent part of the city’s topography – after all, for decades the Spree metropolis was divided into East and West by the Wall. Today, there is not that much left to remind us of this fact. The Wall was torn down, the city’s districts are now growing together, and the last strips of no man’s land in the inner-city are being developed to construct new apartments, which are still in very short supply in Berlin.

OPPORTUNITIES FOR APARTMENT BUYERS

The quarter between Potsdamer Straße, Bülowstraße and Schöneberger Ufer is a perfect example. This is an outstanding downtown location – just a stone’s throw from Potsdamer Platz, Friedrichstraße and Kuʼdamm, and home to large numbers of companies, associations and charitable foundations, and the workplace of thousands of Berliners. Right now, 550 new apartments are being developed, along with countless restaurants, cafés and shops. Many of the new apartments are condominiums and, given their location close to central Berlin, they are of great interest to both owner-occupiers and investors.

CENTRAL LOCATION, SOPHISTICATED AMENITIES

Here, on an undeveloped site at the junction of Kurfürstenstraße and Else-Lasker-Schüler-Straße, “Carré Voltaire” is currently under construction. At a cost of EUR 58 million, 127 exclusive condominiums are being developed, offering a total of 12,000 square meters of living space across eight storeys. In addition, the development includes 200 square meters of commercial space, which has been earmarked for a café and retail boutique, and an underground parking facility with approximately 88 double-width parking spaces, a charging station for electric vehicles and E-Bikes, and storage space for 180 bicycles. The one- to five-room apartments will cost between EUR 4,200 and 7,400 per square meter.

Construction is well underway in many other parts of the neighborhood. In Tiergarten-Süd, on the furniture store car park on the corner of Genthiner and Kurfürstenstraße, 170 apartments and an organic supermarket are being built. At Genthiner Straße 40, 113 apartments and 1,950 square meters of commercial space are being developed in a chic, industrial-loft style. And between Genthiner and Derfflingerstraße, 88 apartments, in combination with space for start-ups and creative companies is planned. The new development has been designed to offer a mix of compact rental units and condominiums. The apartments are available for purchase from EUR 4,500 per square meter.

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