Acquisition in Berlin-Wedding for the "Land Development Fund V": Periskop Development Plans Micro-Apartments

A fund advised by Periskop Development GmbH has acquired a 1,409 m² plot of land at Hochstraße 46 in Berlin-Wedding. The seller of the land is Project Immobilien. The acquisition is part of the investment strategy of the "Land Development Fund V," which focuses on land developments in Germany's top 7 cities.

The acquired plot is located in a central area of the Mitte district, just 200 meters from the Humboldthain S-Bahn station and approximately 900 meters from the Gesundbrunnen main train station. The location is characterized by its urban atmosphere and is particularly popular with young newcomers to Berlin. With excellent access to Berlin’s public transport network, Alexanderplatz, Friedrichstraße, and the main station are only 10-15 minutes away.

Micro-Apartments as an Attractive Solution for Newcomers and Commuters

Discussions with the Mitte district have already confirmed the possibility of developing an aparthotel or boarding house instead of the previously planned office building at the site. The project company therefore plans to create approximately 120 functional micro-apartments with a total gross floor area of about 4,950 m². These are intended to help alleviate the strained housing market in Berlin.

Dr. Simon Kempf, Managing Partner of Periskop Development, emphasizes:

"The planned micro-apartments on Hochstraße in Wedding offer an attractive solution for commuters, students, and expats. Commercially operated micro-apartments are also an effective and legally secure alternative to illegal vacation rentals and short-term sublets, which are becoming increasingly problematic in urban centers. At the same time, they offer much-needed accommodation options for professionals in a central location."

Land Development Fund V: Ongoing Acquisitions and Long-Term Investments

The "Land Development Fund V" focuses on land developments in and around Germany’s top 7 cities (Berlin, Hamburg, Munich, Frankfurt, Stuttgart, Düsseldorf, Cologne) and remains open for new investments. The fund is geared toward creating residential space and responds to the housing shortage in Germany’s major cities. It continuously acquires plots of land with a volume of approximately 10 million euros, suitable for future construction projects.

The Periskop Partners group advises a total of eight funds, including five land development funds. Two funds focus on land in Berlin-Brandenburg, two on top regions in Germany, and one fund is focused on attractive locations in Poland. In addition to land development funds, Periskop pursues other investment strategies, focusing on mezzanine capital, senior living, logistics properties, and, in the future, also innovative opportunities such as data centers. The focus is always on long-term value creation potential across various market segments.