Leinestr. 20 is located at the entrance to Tempelhof Park, on a quiet street, in the heart of fashionable Schiller Kiez. During the last 4 years, the area has become increasingly popular, drawing new residents from other parts of Berlin.
Dozens of coffee shops, restaurants, bars and art galleries have opened in the vicinity of the property in recent years. Rent rates have climbed substantially and reached levels of upper middle-class neighborhoods such as Charlottenburg. The high demand for apartments in the area translates into a very high level of security for investors.
Opened in 1927, Tempelhof airport was one of the three iconic airports of pre-war Europe, together with La Bourget in Paris and London’s Croydon. It served as the lifeline to West Berlin during the memorable Berlin airlift at the onset of the Cold War. The airport was eventually closed in 2009 and is now a huge urban park where families fly kites and enjoy picnics during the summer. The Berlin municipality plans to invest 60 million EUR by 2017 in the park’s infrastructure and to transform the airport terminal into an exhibition center.
These developments have had a significant effect on the residential areas surrounding the park, increasing the demand and value of properties in the immediate vicinity of this urban green area.