Operation Hospital Conversion successful
Broken windows, graffiti everywhere, and collapsed roof sections: until just a few years ago, the grounds of the former women’s sanatorium with nurses’ residence on Mariendorfer Weg in Berlin-Neukölln were in very poor condition. A large-scale project – co-financed as a green loan by pbb – has woken the historic buildings from their deep sleep, breathing new life into the listed façades through renovation and conversion.
Several new buildings will be added to the site behind the historic ensemble, creating around 600 apartments. The family-friendly neighbourhood also comprises a childcare facility with 80 places. A newly-built residence, consisting of small apartments and benefiting from common and recreational areas, has been built especially for students.
A large-scale project has woken the historic buildings from their deep sleep.
Wohnpark
St Marien
residential
property
Transformation
Conversion of listed hospital buildings into apartments, complemented by newly-built apartments, student apartments, along with a childcare and family centre
Location
Mariendorfer Weg, Berlin-Neukölln
Completion (scheduled)
- 2022
- Two-thirds of the housing units were completed in 2021
Financing details
- €140 million investment loan, incl. KfW funds
- pbb acted as Mandated Lead Arranger
Property data
- Creation of housing with around 600 apartments
- Daycare centre with 80 places in the former director’s villa
- Four multi-dwelling units with twelve apartments each
- New construction with 130 student apartments and a family centre on the ground floor
- Underground car park with 475 parking spaces, about 50 of them with charging stations for e-vehicles
- Green roof
- Watering system for garden and outdoor facilities
