Greenberg Traurig on the KONNEKT / Georg-Knorr-Park project in Berlin-Marzahn

Greenberg Traurig has advised HOWOGE Wohnungsbaugesellschaft on the acquisition of the KONNEKT / Georg-Knorr-Park project in Berlin-Marzahn. The approximately eleven-hectare site was sold by Laborgh Investment and Kondor Wessels.

The law firm advised HOWOGE comprehensively on all real estate and tax law aspects of the transaction with parteners Dr. Henning Sieber (Real Estate M&A, Lead, PICTURED), Claudia Stremel (Tax Law), Dr. Martin Hamer (Public Law), and with the associate Jan Schwartzkopff (Real Estate M&A).

Mark Eichert, in-house counsel at HOWOGE, advised the management. While Dr. Michael Müller, lawyer at Weimer & Partner Rechtsanwälte, advised Laborgh Investment and Kondor Wessels.

What do we know about the KONNEKT / Georg-Knorr-Park project

The KONNEKT / Georg-Knorr-Park project is one of the largest urban development projects in Berlin in the coming years. Up to 1,700 apartments with a rentable living space of approximately 107,000 square meters and about 24,500 square meters of commercial space are planned for the former industrial site near Marzahn S-Bahn station. At least 50 percent of the apartments will be rented as subsidized housing. The project is characterized by its focus on sustainability and will be developed according to the KfW-40 standard, based on an urban design by David Chipperfield Architects.

Background

Most recently, the Greenberg Traurig team provided legal support to HOWOGE together with Berlinovo in the purchase of around 4,500 apartments and a 40-hectare potential development area from Vonovia for a total of 700 million euros in spring 2024.