New Living in the Old Town

Dresden is more than an historic treasure. The Saxon capital is the centre of one of the strongest economic regions in Germany. In particular, the micro- and semiconductor industry is booming, resulting in the Dresden area now being called “Silicon Saxony”. Subsidiaries of renowned companies such as Airbus, SAP, Siemens, T-Systems, and Volkswagen are present here in large scale. These are excellent basic prerequisites for the realisation of a Vertical Village project.

Although not reaching the same physical heights, the MaryAnn Apartments meet the same requirements and provide the same services as the UpperNord Tower in Dusseldorf or the XBerg Tower in Berlin: individual residency with the service of a boarding house and multifaceted communal areas. For this reason, the MaryAnn Apartments offer a perfect solution for mobile professionals who need flexible tenancies without forgoing the advantages of having their own apartments—for engineers, IT specialists or managers who are only working in Dresden for a limited time or commute to the city at weekends.

The MaryAnn Apartments will combine the individuality of an apartment with the service of a boarding house and, on top of that, provide communal areas available to all tenants. As such, they are the perfect solution for on-the-go professionals looking for a temporary living situation. In addition, living in a Vertical Village is also more affordable than a hotel or boarding house.

The “VauVau” Concept

With the Vertical Village, the CG Group is developing an innovative concept for the modern interconnectedness of working, living and residing in inner city locations. Under the VauVau trademark, unused commercial property is transformed into space-optimised apartment buildings with flexible layouts and multifunctional features. Co-working and communal areas, such as the marketplace with its offerings of dining and recreation, combine the sense of community in these “stacked villages” with the contemporary needs of urban living. Optional services and an upscale partial or complete furnishing underline the attractiveness of the VauVau concept, particularly for temporary use by mobile professionals. 

Overview
Project data and key figures
Project details
Sales volume (GDV): 71,608,000 EUR
Area for rent/sale: 14,400 m²
Car parking spaces: 262 262 underground parking
Construction period: December 2016 to December 2020
Year of construction: 2019
Object condition: First time use
Heating type: Central heating
Major Energy Carrier: district heating
Energy certificate: energy certificate required
New Building, Residential
Object type: residential
Area: 11,100 m²
Units: 191
New Building, Commercial
Object type: commercial
Area: 3,300 m²
(Status as of Aug 21, 2018)
Image Gallery
Current status rental and sale
Current state
Planning phase
Building pit
Building shell
Ready for occupancy
Completion
Current state letting

The rental starts in the construction phase.

Current state letting
0%
0 from 191 units are rented
Current state sale

The property will be sold turnkey and fully leased to a capital investment company (Versorgungskasse).

Current state sale
100%
191 from 191 units are sold
Property specification - Micro environment / Macro environment

Dresden

Dresden has approximately 550,000 inhabitants. In terms of population, it is the twelfth largest city in Germany and, just after the slightly more populous city of Leipzig, is the second largest city in the state. As the state capital of Saxony, Dresden is the political and cultural centre as well as the main traffic hub in the metropolitan area of Dresden, which is considered one of the most economically dynamic regions in the Federal Republic.

Within Saxony, Dresden represents an important economic and scientific centre and is home to numerous research institutes (Fraunhofer Society, Max Planck Society, etc.) as well as many well-known companies in the fields of microelectronics, information technology, biotechnology and electrical engineering.

However, the city is also of considerable cultural importance—from 2004 to 2009, it was registered as a UNESCO World Heritage Site. In addition to its numerous art collections, historically significant buildings from a variety of eras count themselves among the city's attractions.

Macro environment area: 328 km²
Macro environment population: 550,000
Macro environment population density: 1,617 Einwohner je km²
Macro environment unemployment rate: 6.1 %
Macro environment purchase power index: 81.2

Altstadt (Old Town)

The project lies in western part of Dresden’s Old Town towards the suburb of Wilsdruff. The neighbourhood is bordered by the Elbe in the north, the route of the old city wall along the Zwinger and Postplatz to the east, the junction of Falkenstrasse and Annenstrasse (former location of the Weisseritz millrace) to the southeast and somewhat by the old Weisseritz riverbed to the west.

The area, adjacent to the Old town, lies just 100m from the commercial and cultural centre of Dresden. The Wilsdruffer suburb is made of a very comprehensive set of buildings, ranging from historic farms to large, recently-built office buildings and event halls. The location shows potential for an attractive urban development design.

Access to different transport options at the site is very good, especially since various public transport hubs are quickly and easily reached.

Overall, the infrastructural facilities corresponding to the inner-city location are superb. Local amenities, medical practices and educational institutions are all within walking distance. Opportunities for rest and relaxation are also nearby.

Micro environment area: 17.02 km²
Micro environment population: 53,667
Micro environment population density: 3,153 Einwohner je km²
Micro environment purchase power index: 91.2
Property environment
Distance to city centre: 0.7 km
Distance to railway station: 1.5 km
Distance to motorway: 6.0 km
Distance to nursery: 0.1 km
Distance to local public transport: 0.2 km
Distance to school: 0.1 km
  • The city centre lies 700m from the property; the famous Zwinger is 400m.
  • The nearest tram stop is only 200m away.
  • The slip roads to the A17 and A4 motorways are 9.5km and 6km respectively. The Dresden International Airport is 11km away, and the main railway station is 1.5km.
  • The Frauenkirche (Church of Our Lady) and the Neumarkt (New Market) are located 1km from the property, and recreation on the bank of the River Elbe is just 900m away.
  • For everyday shopping needs, the Altmarkt-Galerie (Old Market Gallery) and the surrounding Old Town are just 300m away.
Construction specifications
  • The demolition of an existing office building and the construction of a new apartment building.
  • An underground car park will be built in the basement level; and a supermarket, retail shops and restaurants will find their home on the ground floor.
  • Areas for co-working and temporary residency will be built alongside residential units on floors 1 – 6.  
Contact
Contact Persons

Dipl.-Ing. Bert Wilde
bert.wilde@cg-gruppe.de

Contact Details

CG Deutsche Wohnen GmbH
Schweriner Str. 1
01067 Dresden

Any Questions?

Call us: +49 (0)351 65 29 680

Letting: +49 (0)30 93 62 72 83

Project Home www.vertical-village.de

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