LIVING COMFORTABLY CLOSE TO THE UNIVERSITY
The RWTH Aachen is one of the best universities for technical studies in Germany. And it attracts many people – 40,000 students and 9,200 employees. However, housing space in Aachen, as in every other German university city, is scarce. The CG Group is currently working on a project at the nearby Veltmanplatz—the grounds of the former Institute for Wool Research—where 100 apartments for students, staff and young scientists are under construction.
The 2- to 3-room apartments will have brand name built-in kitchens, wardrobes, furniture partitions and balconies, and will also be suitable as a shared flat. The 5-storey building will meet modern environmental standards with landscaped courtyards and roofs, a rainwater recovery system and heat pumps. This excellent concept convinced not only the staff and students of the university, but also a well-known institutional investor from the insurance sector: and the project changed owners in October 2014 before the start of construction.
|Sales volume (GDV):||23,400,000 EUR|
|Total area of the land:||3,285 m²|
|Area for rent/sale:||6,021 m²|
|Car parking spaces:||73||73 underground parking|
|Target rent:||15.75 EUR/m²||from 14.50 EUR/m² to 16.75 EUR/m²|
|Construction period:||July 2015 to July 2017|
|Year of construction:||2017|
|Object condition:||First time use|
|Heating type:||Central heating|
|Major Energy Carrier:||Gas|
|Energy certificate:||energy certificate required|
Renting will begin after the shell construction phase.
The property is sold turnkey and fully leased to a capital investment company (Versorgungskasse).
One important factor for the city’s strong pull is the Rhine-Westphalian Technical University of Aachen (RWTH), which in 2017 received recognition and funding from the German Universities Excellence Initiative for the third time in a row. The subsequent influx of students and highly qualified professionals in Aachen will only contribute to the positive development of the city’s housing market.
Recent years in Aachen are marked by a steadily high migration gain, resulting in a sharp rise in the number of inhabitants and number of households. Younger age groups, particularly those between 18 and 44, are drawn to the city to begin their studies or start a new job.
|Macro environment area:||161 km²|
|Macro environment population:||251,500|
|Macro environment population density:||1,563 Einwohner je km²|
|Macro environment unemployment rate:||9.4 %|
|Macro environment purchase power index:||99.0|
Since 2009, the municipality of Aachen-Mitte has developed more dynamically in terms of population than the city as a whole. Between 2009 and 2013, the area recorded a population increase of 3.1%, with the strongest representation age groups of which being between 18 and 44, due largely to the influx of students and young professionals. While the number of 1- and 2-person households has risen, the number of larger households has dropped slightly. In particular, the number of 1-person households showed an increase of 62.8%--well above the average when compared to the 56.6% increase for the city as a whole.
In the last ten years, the number of students in Aachen has risen by 23.2%, leading to students making up 29% of the city’s entire population for the year 2013. Since 2004, the number of working professionals has increased by 8.1%, with the largest of the city’s employers, the RWTH and the University Hospital of Aachen, employing a combined total of roughly 12,400 staff members.
|Distance to city centre:||0.8 km|
|Distance to railway station:||0.9 km|
|Distance to motorway:||4.0 km|
|Distance to nursery:||0.2 km|
|Distance to local public transport:||0.9 km|
|Distance to school:||0.1 km|