Residential complex Pandion Midtown: for life and investments

General information

Pandion Midtown is a new residential complex in Friedrichshain, a borough in the Friedrichshain-Kreuzberg district. The residential complex is located within a walking distance from three Berlin S-Bahn stations: Schillingstrasse, Strausberger Platz, and Weberwiese. The average price per a square metre in new developments in this borough varies from €8,200 to €8,500.

Address: Pufendorfstraße 5, Berlin

Pandion Midtown comprises two buildings, an underground car park, and a tranquil courtyard with green areas and recreation facilities. Here you find plenty of experiences immersing yourself into the fast-paced city life or relaxing amidst peace and quiet.

The residential complex will be commissioned over two phases: the first building is to be commissioned at the beginning of 2022, and the second building is scheduled for mid-2023. The price per a square metre varies from €6,600 to €7,600.

Architecture

The buildings of the complex fit harmoniously into the overall urban environment paying tribute to the architectural heritage of Friedrichshain and set a standard for well-defined, powerful, and uncluttered structural design. The façades are coloured in retrained fair paint shades of beige and white. Finishing materials are quality and natural.

The overall proportions of the residential complex re-echo the building of the former brewery Neue Maelzerei now turned into a business centre taking a new look at the contrast of modern vs contemporary design.

Apartments, layouts, prices

The residential complex Pandion Midtown will comprise two different properties:

one will be a seven-storeyed building with 125 apartments, and the other will be a six-storeyed building with 78 apartments. The apartments have floor areas ranging from 46.4 m2 to 116.6 m2 and layouts with two to four bedrooms.

The apartment prices range from €342,900 to €815,900. Parking lots are for sale for most of the apartments priced at €38,900 and more.

Each section of the buildings has an elevator that connects particular floors and the car park. The entrance and lobby designs were developed by the noted architectural firm Innenarchitekturbüro a.s.h. with the use of natural stone.

There is a protruding or recessed balcony with wooden flooring or a terrace with artificial stone floors, coloured intercom, floor-to-ceiling windows with triple glazing, and parquet wood flooring with underfloor heating.

The bathrooms use modern design and are equipped with electric drying racks for towels, a shower with glass partitions, and sanitaryware made by well-known manufacturers.

Location and transportation

Pandion Midtown is located in the Friedrichshain district that showcases gentrification in Berlin. Friedrichshain is filled with an informal atmosphere fostered by independent clubs, restaurants, pubs, small shops. 

This borough attracts the youth, especially students, as there are several educational facilities within a walking distance:

• Berlin International College,
• International University of Applied sciences (IUBH),
• Education centre VHS Friedrichshain-Kreuzberg;
• A faculty of the university Steinbeis, and others. 

There is also a surviving section of the Berlin Wall turned into the Eastside Gallery featuring a series of murals depicting political events in the history of Germany.

The local transportation services have stops within a walking distance from the residential complex:

• a tram station — within a three-minute walk,
• a bus stop — within a five-minute walk, 
• a metro station — within a ten-minute walk. 

Surrounding infrastructure

Pandion Midtown is located near Berlin’s main tourist places and sites: Alexanderplatz, Mercedes-Benz Arena that hosts large concerts and sports mega-events, and Brandenburg Museum.

There are many facilities in the district that meet cultural and recreational interests, such as independent galleries and shops, theatres, and venues for events. There are large food supermarkets Lidl and EDEKA, kindergartens, schools, pharmacies, cafés, and restaurants within a walking distance from the residential complex.

Berlin’s oldest public park Volkspark Friedrichshain is in close proximity to the residential complex offering plenty of delights to visitors: playgrounds for children, areas for outdoor sports activities, dedicated dog runs, the artistic area Fairytale Fountain. Berlin’s first hospital Krankenhaus im Friedrichshain is also located near here and is still open today.

Private amenities

All the buildings of the complex have underground car parks, and there are bicycle parks near entrances. The courtyard is a greenspace with ping pong tables, playgrounds for children, and benches.

Investment prospects

Commercial and residential properties are rapidly developing in the district, and the apartment prices are on the rise. The 2019 price increment was 14.7% for apartments in new developments.

Potential yield amounts to about 3.8%.

Friedrichshain is Berlin’s popular residential district attracting residents by superb infrastructure and good transportation connections: the central railway station and the airport are easily reached from here.