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WBM Acquired Construction Project in Treptow: Topping-out Ceremony for 159 Flats

26. April 2016

It was time for the topping-out ceremony of a housing estate of 159 flats on Heidelberger Strasse in Berlin’s Alt-Treptow sub-district. The housing association WBM Wohnungsbaugesellschaft Berlin-Mitte mbH (WBM) acquired the construction project from the limited partnership AGROMEX Heidelberger Strasse 75-81, 81 a GmbH & Co. KG, a subsidiary of AGROMEX Group. It is slated for completion by early 2017.

The property consists of seven houses in terraced development, providing a total of 159 flats and 29 underground parking spots. It is situated in a popular central location in Alt-Treptow. The flats will be handicap-accessible, and two of the residential units will be wheelchair-accessible. The flats have either 1 or 4 bedrooms, and all of them feature at least one balcony or patio, as the case may be. With its purchase of the development project, WBM is helping to create affordable housing in the inner city as delineated by Berlin’s rapid-transit circle line.

About WBM

WBM Wohnungsbaugesellschaft Berlin-Mitte mbH (WBM) is the largest municipal property administration in Berlin’s central districts of Mitte and Friedrichshain, its housing units occupying attractive locations with excellent infrastructure. In cooperation with local residents, WBM actively designs its quarters as fascinating residential spheres in downtown Berlin.
WBM intends to raise its housing stock to 39,400 rental flats by 2026 through developments, acquisitions and innovative conversions. The development campaign of WBM thus contributes to the creation of affordable housing in Germany’s first city.

At the moment, prefab housing accounts for 70 percent of the company’s existing stock. These assets include housing estates that were raised in post-war East Germany by the architect Hermann Henselmann and recently granted protected heritage status, including Platz der Vereinten Nationen and Haus des Lehrers / bcc, the Rathaus-Passagen on Alexanderplatz as designed by Heinz Graffunder, and the Nikolaiviertel neighborhood masterminded by Günter Stahn. At the same time, the inventory includes industrial prefab tower blocks in their typical forms – the standard types P2 and WBS 70. The popularity of the prefab units is expressed in the portal JEDER M² DU that is dedicated to the prefab culture.

About Agromex

AGROMEX is a property developer and principal whose main business areas are the planning and implementation of construction projects, the redevelopment of period buildings, and facility management. Established in 1989, the company has been active on the German real estate market since 1991. As the business focus is on the East German states including the capital, AGROMEX operates branch offices in Berlin and Leipzig.