Berlin, 07th March 2023. Sector Seven Investors is revitalising eight former workers’ houses at Herzbergstrasse 125-126A in Berlin’s Lichtenberg district. After lying vacant for more than 20 years, the buildings with around 10,000 sq m of gross floor area beside the regionally renowned Dong Xuan Center Asian supermarket are being revitalised.
Sebastian Blecke, Managing Director of Sector7 states: “In our latest project in Herzbergstrasse, we see significant potential in repositioning the entire property. By adopting a contemporary and sustainable use concept combined with the potential for redensification by adding extra floors to the existing buildings, we want to actively contribute to the improvement in city life in a changing environment.”
The existing buildings were originally built as workers’ houses for the VEB Elektrokohle Lichtenberg plant. The total floor area of approx. 9,479 sq m is distributed over three above-ground floors and offers potential for further redensification. By approaching this as a redevelopment that is as resource- and therefore climate-friendly as possible, the existing buildings will be reinforced and carefully stripped out, and the ground floor will be opened up to the street and courtyard.
The revitalisation project is located in a bustling, up-and-coming community in Berlin-Lichtenberg, an area that in the past has attracted purveyors of art and culture, including “San Gimignano Lichtenberg”.
About Sector Seven Investors
Whether development design, upcycling or upgrading existing buildings, Sector7, founded by partners Rainer Bormann, Dr. Martin Hintze and Lutz Grimm, invests in land and buildings offering extraordinary future perspectives across the whole of Germany which it (further) develops with its strong focus on sustainability.
With equity capital and creative concepts for transformative development and sustainable value creation, Sector7 anticipates global megatrends and local market movements in order to design and develop innovative working and living environments together with its broad network of business partners.
Sector7’s portfolio comprises 20 projects throughout Germany, with a total value of more than one billion euros.