06 Apr What is the so-called ‘boom’ in Schönefeld and why is it happening?
The once quiet district of Schönefeld is now hitting headlines across the capital as it experiences something being labelled a ‘Bauboom’- a building boom. It’s no secret that available building land in Berlin is scarce and expensive, and this is something which in more recent times has caused developers to begin to emigrate from inner city Berlin and immigrate into Schönefeld.
The outcome of this migration can already begin to be seen as developments spring up between the city edge and Schönefeld Airport. It has been claimed that demand for these developments is huge (Grimberg, 2018) and be this the case, the eventual changes in the area will be vast, with a predicted mass influx of people and changes to infrastructure.
Hans-Peter Werner, head of project development at DIE AG, has recently claimed that Schönefeld is unquestionably an ideal place for developers and investors (2018). This phenomenon, currently materializing as the ‘building boom’, has undoubtedly been a consequence of the infamous Berlin-Brandenburg Airport. Even in spite of its problematic construction and the persistent pushing back of its opening date, the level of investment and interest in the area only continues to rise.
The proximity of the developments to the new airport is just one of the reasons as to why this is the case. Although the level of noise pollution that the airport will create is still undetermined, it is claimed that the new developments are actually situated in such a position that they lay outside of the ‘noise-corridor’ of future planes taking-off and landing (Werner, 2018). The airport will also become a ‘job engine’ and will reportedly create 40-50,000 new jobs for people, all of whom will be wanting to minimize their commute to work and thus will be looking into the area and at the developments for potential new homes.
Schönefeld, however, is not only a hub of development activity due to the opportunities offered by the eventual opening of the new airport. It is, as Helmut Kunze recently described it in an article in the Tagesspiegel, an area with an environment that particularly suits young families (2018). Quality of education, with the good selection of schools and nurseries on offer in the area, including the confirmed building of the second Grammar school, is just one reason as to why the area is so attractive to young families. Add to this the new swimming pool, the nearby Volkspark, the cinema complex and the range of supermarkets, chemists, cafés and restaurants and it is easy to understand what is fueling this so-called ‘boom’.
The consequences of this ‘boom’ are going to be immense. It has been estimated that the population of Schönefeld will increase from approximately 15000 to more than 35000 in 2030 (Haase, 2018). There are even plans for the extension of the U-Bahn-Line 7 from Rudow to reach all the way to S-Bahnhof Schönefeld. From a personal viewpoint, it is definitely going to be interesting to watch how Schönefeld adapts to the changes and faces the challenges that are sure to be thrown at it over the coming years. Additionally, as investors and developers flock to the area, we at Black Label look forward to the various opportunities that will arise as we support our domestic and international clients.