HIH Real Estate hosts construction site visit for Salut Potsdam housing project

HIH Real Estate marked progress on its Salut Potsdam residential development with a construction site event on Thursday. The project, located at Potsdamer Straße/Am Priesteracker in Potsdam-Bornim, is expected to be completed by the end of 2025. Attendees included contractors, project partners, neighbors, and future residents.

The development, which includes 23 residential units, was taken over by HIH Real Estate in January 2024 following the insolvency of the previous developer, PROJECT Immobilien Management GmbH. Construction resumed in July 2024 with INVICTUS Bau- und Projektmanagement GmbH.

The project consists of two semi-detached houses, an apartment building with 16 units, and a three-unit coach house. The apartments vary in size from 63 to 127 square meters and include two- to four-room layouts. As of now, 30 percent of the units have been sold. Marketing is managed by Norddeutsche Immobilien Management GmbH.

"We are delighted that we will be able to complete the residential project on schedule by the end of the year. We took over the project with construction progress at around 18 per cent and resumed construction work in July 2024 together with INVICTUS Bau- und Projektmanagement GmbH. We would like to thank all our partners and contractors for the rapid progress made since then,’ says Olav Janssen, Project Developer at HIH Projektentwicklung GmbH, a subsidiary of HIH Real Estate. ’This project will ensure the completion of new housing on the Potsdam property market, which is characterised by high excess demand. Whether two-room apartments for couples or four rooms for families, Salut Potsdam offers the right living space for every stage of life."

HIH Projektentwicklung GmbH, a subsidiary of HIH Real Estate, is overseeing development. Project Developer Olav Janssen noted that the company took over construction when the site was approximately 18 percent complete and expressed appreciation for the progress achieved since then. He also emphasized the relevance of the project in helping to meet ongoing housing demand in Potsdam.

On Friday and Saturday, 25 and 26 April, the site will be open to the public from 3 p.m. to 6 p.m. Visitors will be able to take part in guided tours, view the construction progress, and speak with members of the project team.

Photo: Olav Janssen, Project Developer at HIH Projektentwicklung GmbH