BERLIN – Dec. 20, 2024 – Global law firm Greenberg Traurig provided advice to HOWOGE Wohnungsbaugesellschaft mbH (HOWOGE) on the acquisition of the KONNEKT / Georg-Knorr-Park project in Berlin-Marzahn. The approximately 11-hectare site was sold by Laborgh Investment GmbH and Kondor Wessels.
The KONNEKT / Georg-Knorr-Park project is one of the largest urban development projects in Berlin expected in the coming years. It will feature around 1,700 apartments with a rentable living space of approximately 107,000 square meters and about 24,500 square meters of commercial space, all to be constructed on the former industrial site at the Marzahn S-Bahn station. At least 50% of the apartments will be rented as subsidized housing. The project focuses on sustainability and is being developed according to the KfW-40 standard, based on an urban design by David Chipperfield Architects.
Greenberg Traurig advised HOWOGE on all real estate and tax law aspects of the transaction.
Background:
Most recently, the Greenberg Traurig team advised HOWOGE together with berlinovo on the purchase of around 4,500 apartments and a 40-hectare potential site from Vonovia for a total of 700 million euros in spring 2024. HOWOGE is a long-standing client, which Greenberg Traurig supports in transactions and project developments as well as on issues related to broadband provision.
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2750 attorneys in 48 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2022 BTI “Highly Recommended Law Firm” for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule 6.0 Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA’s Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com.