LABORGH Investment and Periskop Development are continuing their collaboration to create affordable housing in Berlin. LABORGH has acquired the approximately 31,100-square-meter site at Weißenseer Weg 51 / corner of Konrad-Wolf-Straße in Berlin-Lichtenberg from a company advised by Periskop Development. The parties have agreed not to disclose the purchase price.
The property is one of the most prominent development sites in Berlin’s Lichtenberg district, located next to the Sportforum Berlin in a distinctive urban setting. Periskop Development has advanced the planning framework for the site in recent years and continues to oversee the ongoing zoning process as part of a joint development partnership. LABORGH will develop the site into a mixed-use urban quarter comprising affordable residential units, complementary commercial uses, and social infrastructure.
The project plans include around 700 residential units that will be transferred to a state-owned housing company upon completion. Approximately 15,000 square meters of gross floor area are designated for commercial use, including retail for daily needs, small-scale shops, daycare facilities, medical services, and other education- and community-oriented uses. Subject to the planning process, construction is expected to start in 2027.
The site of the former Sporthotel and Congress Center Hohenschönhausen exemplifies what Berlin urgently needs: the activation of long-dormant land and its transformation into development that is urbanistically meaningful, economically sound, and socially effective. LABORGH continues to seek additional sites with development potential.
Source: press release received 13 May 2026