Pandion buys 3 ha development land in Berlin
Cologne-based developer Pandion has acquired two construction lots in Berlin. One is a roughly 19,000 sqm vacant lot on Asgardstraße in Pankow’s Heinersdorf district, which is earmarked for housing development. The second lot of about 12,400 sqm is located on the corner of Persiusstraße and Bödikerstraße in Friedrichshain. This site is to be developed in two construction phases. The first calls for on office building with around 9,000 sqm GFA, for which planning is already in the advanced stages, Pandion reports. For the second section, an architectural competition will be launched; a preliminary building permit for a total of 51,383 sqm GFA for office and commercial use has already been issued.
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