GBI Group to Develop 130 New Apartments in Berlin's Pankow District

On March 7, 2024, GBI Group, a prominent German property developer, announced its acquisition of a 2,600 square meter plot in Berlin-Pankow for an ambitious residential project. Aimed at constructing 130 energy-efficient apartments, this initiative sees GBI investing over €50 million into the burgeoning area. Scheduled to break ground in Spring 2025 with a completion date in 2027, these apartments promise an eco-conscious living solution, adhering to EH 40 energy efficiency standards and incorporating renewable energy for heating and electricity needs. The units, averaging 50 square meters each, are designed to cater particularly to singles and couples, featuring efficient layouts for optimal space utilization.

Strategically situated near Wisbyer Platz and Prenzlauer Berg, the development benefits from a vibrant neighborhood offering a mix of retail and dining options, green spaces, and excellent public transport links. This investment underscores GBI Group’s targeted residential strategy and its commitment to expanding its footprint in high-demand urban locations while upholding ESG criteria across its projects. Simon Behr, Managing Director at GBI, highlights the company’s ambition to become a leading figure in Germany's residential sector and notes that GBI is spearheading numerous large-scale developments across the country, with significant projects set to transition to new ownership throughout the first half of 2024.