Sunday, 16 August 2026
LABORGH Investment GmbH has acquired a development site in Berlin-Lichtenberg from a company advised by Periskop Development GmbH, with plans to create a mixed-use urban quarter focused on affordable housing.
The approximately 31,100 sqm property is located at Weißenseer Weg 51, at the corner of Konrad-Wolf-Straße, adjacent to the Sportforum Berlin complex. The parties agreed not to disclose the transaction value.
Periskop Development has been involved in advancing the planning framework for the site in recent years and will continue overseeing the zoning process through a joint development partnership with LABORGH.
The project is expected to include around 700 residential units, which are planned to be transferred to a state-owned housing company upon completion. The scheme also предусматриes approximately 15,000 sqm of commercial gross floor area, including retail space, daycare facilities, medical services and other community-oriented uses.
Subject to planning approvals, construction is expected to begin in 2027.
The site was formerly occupied by the Sporthotel and Congress Center Hohenschönhausen, originally developed in the 1960s as accommodation for East German elite athletes and later expanded into a sports and congress complex during the 1980s. Following German reunification, the property fell vacant and became one of the best-known derelict sites in eastern Berlin.
Florian Lanz, Managing Director of LABORGH Investment, said the company intends to transform the long-unused property into a sustainable urban development focused on long-term use and affordability.
Dr. Simon Kempf, Managing Director of Periskop Development, said the project would help address Berlin’s housing demand by bringing a dormant site back into active use and delivering predominantly residential floor space.
The location benefits from proximity to Sportforum Berlin as well as tram connections via the M5, M6 and M13 lines and nearby S-Bahn access at Landsberger Allee.
