Nestled in the landscaped greenery of the former 1936 Olympic Village, the “Luz Long” complex boasts 250 apartments and commercial units and is being built as on component of the G.O.L.D. Garden City Olympic Village quarter. In the first sales phase, the two fully renovated apartment buildings “Luz 1” and “Luz 2” with 55 condominiums are being offered. The suites and penthouses are being developed to the highest modern living standards to create attractive living space for singles, couples and families. The G.O.L.D. quarter has been under development since 2018 on approximately 100,000 sqm, blending new construction and renovations of existing buildings.
The 2- to 4-room condominiums have the kind of modern floor plans and contemporary furnishings that are guaranteed to make residents feel at home. The compact apartments appeal primarily to singles and couples, while the spacious apartments with open-plan living/dining areas and multiple bathrooms are deal for families. Extensive green and recreational areas for young and old are perfectly designed as spaces to come together and socialize. The extension of the noise protection barrier along the B5 freeway ensures that the new residential area remains as quiet as possible. Since the existing buildings Luz 1 & Luz 2 are located in the redevelopment area, buyers may benefit from the depreciation provisions of Section 7h of the German Income Tax Act (EstG).
The municipality of Wustermark – and in particular the district of Elstal – have experienced strong economic and population growth in recent years. The area’s proximity to Berlin and to Brandenburg’s state capital Potsdam, quality of life, jobs in future-proofed industries, plus excellent local infrastructure, are all combining to attract a growing number of people to Berlin’s surrounding regions and making the location attractive for investors.