Construction work on Borstel Petersen Park Mixed-Use Development located in Hamburg, Germany commenced in Q4 2024, after the project was announced in Q4 2019. According to GlobalData, who tracks and profiles more than 220,000 major construction projects from announcement to completion, the project is expected to be completed by Q4 2026. To learn more about the Borstel Petersen Park Mixed-Use Development project, buy the profile here.
The project involves the construction of the Petersen Park mixed-use on a 6ha of land, with a gross floor area of 100,000m2 at Niendorfer Weg and Papenreye in Borstel, Hamburg, Germany.
The project includes the following:
1. Construction of 210 condominiums, with a gross floor area of 22,000m2 on the plots 1 and 2
2. Construction of 65 additional privately financed rental apartments on plot 3
3. Construction of 125 publicly subsidized rental apartments in the KfW 40 standard and a daycare center and nursing home with a gross floor area of 30,000m2 on the plot 4
4. Construction of 330 parking facilities
Construction on the project is expected to be completed by Q4 2026.
Germany-based HeitmannMontufar Architekten is the architect and engineering design consultant for the Borstel Petersen Park Mixed-Use Development, while Hamburg City Council is the planning authority.
For more details on the Borstel Petersen Park Mixed-Use Development project, buy the profile here.
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