Mittenwalder Berlin, Friedrichshain-Kreuzberg

About Mittenwalder, Berlin

The acquired property is located on Mittenwalder Strasse and offers mixed use (residential and commercial) with leased areas and free development areas. It is planned to generally maintain the residential areas (approx. 2,234m2), which are subject to the social preservation area. In the commercial part of the property, comprehensive renovations as well as reconstruction works are to be carried out. This affects the rear building, which is to be rented out as an office or co-working space. An event space will be created in the basement, which can be rented. The property further includes a retail space in the front part of the building. Parking spaces in the second courtyard and a traditional restaurant will remain. The structure of the building, with separate building sections, will ensure good mixed use and thus high usability of the property.

Strategic importance of the location

Mittenwalder Strasse is a quiet side street that runs from Blücherstrasse in a southerly direction and ends at the popular Marheinekeplatz. In the immediate neighborhood is the so-called “Bergmann-Kiez” with its numerous cafes and restaurants. Shopping facilities for daily needs are sufficiently available. The transport connection is well ensured by car as well as by public transport. The subway stations “Mehringdamm” and “Gneisenaustrasse” as well as various bus lines are in the immediate vicinity.

Facts & Figures

  • Asset purchased in 2022
  • District: Friedrichshain – Kreuzberg
  • Property area: 2,059m2
  • Floor space: 4,400m2
  • Uses: Co-working space, office, warehouse, residential, furnished apartments, retail, parking

Lakeward Real Estate Fund

The fund to which the existing property will be assigned was launched in August 2021 and focuses on European commercial and residential properties.”The acquired property is ideally suited for the initial portfolio of the new real estate fund, as it offers attractive cash flow from the outset and significant upside potential through repositioning,” said Simon Koenig, founder, CEO and investor of Lakeward.

ESG considerations

Through the ‘Lakeward Living Concept’, socially important criteria such as suitability for everyday use, cost reduction through planning, living in community or living for changing needs are also taken into account to create ecologically as well as economically sensible solutions for affordable housing and living spaces.

Questions about this project?

We will be happy to provide you with further information.