Ferdinand’s Garden, Lichtenberg

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About the asset

Ferdinand’s Garden is located in Berlin’s Lichtenberg district which is part of former East Berlin. The region has seen steady growth in its population since 2011 as people gravitated away from the more expensive central areas of Berlin. Limited development in this region presented an opportunity for Lakeward to gain a footprint and continue to develop the Lakeward Living Concept. 

This outstanding residential location provides Lakeward with the opportunity to develop its functional and affordable living concept to a high standard. The residential complex will further strengthen Lichtenberg as a residential, living and working district of Berlin.    

Infrastructure

The location offers good mobility options with access to Central Berlin via S-Bahn and U-Bahn connections.

Facts & Figures

  • Asset purchased in 2019
  • Status: in development
  • Deal Type: Development
  • Gross living space: approx. 26,000m2
  • 380 apartments
  • Partner: MPP, SMV, PORR

The urban environment

The region offers excellent green recreational areas with Herzberg park and Lake Oranksee. These parks are not only ideal for walking and jogging but also offer large playgrounds for families with children.

Amenities include the popular «Allee-Center Berlin» for shopping and easy proximity to the Sportforum Berlin, the second-largest sports facility in the capital and the centre of Berlin’s competitive sports. The approximately 45 hectare offers 35 sports facilities, which are used for top-class, junior and competitive sports as well as for mass sports.

ESG considerations

Lakeward makes every effort to drive ESG through engagement with the real estate industry, and within the communities, it operates. Lakeward works closely with developers and partners to ensure responsible development in accordance with local and national planning, development and construction regulations.

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