The Saxon rococo-style Palais Hoym, once a jewel of Dresden‘s old town, was destroyed in the Second World War.

The CG Group now has plans to reconstruct the Palais Hoym to what it once was, as part of an ambitious urban planning project on prime real estate next to the Frauenkirche (Church of Our Lady). Behind baroque facades and green courtyards, upscale apartments will be constructed alongside cafes, restaurants and a hostel. Dresden’s city centre has long been home to luxurious hotels and lacking in affordable accommodations for the city’s younger tourists—this hostel will close that gap. After the very successful implementation of a similar concept behind the Five Elements Hostel in Leipzig, the real estate developer clearly possesses the necessary experience to realise such a project.

Project data and key figures
Project details
Sales volume (GDV): 145,840,000 EUR
Total area of the land: 9,614 m²
Area for rent/sale: 27,730 m²
Car parking spaces: 320 320 underground parking
Construction period: August 2018 to December 2021
Year of construction: 2021
Object condition: First time use
Heating type: Central heating
Major Energy Carrier: district heating
Energy certificate: energy certificate required
Object type: residential
Area: 19,000 m²
Units: 258
Object type: commercial
Area: 8,730 m²
Description: u.a. entsteht ein Hostel mit 3.150 m² Fläche
(Status as of Oct 7, 2019)
Image Gallery
Current status rental and sale
Current state
Planning phase
Building pit
Building shell
Ready for occupancy
Current state letting

Renting will begin during the shell construction phase.

Current state letting
0 from 258 units are rented
Current state sale

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

Current state sale
258 from 258 units are sold
Property specification - Micro environment / Macro environment


Dresden opens up new prospects for future designs. The Saxon capital combines the amenities of a big city with the charm of regional individuality. Here, innovation and tradition do not stand in opposition—both lend the highest level of support to the quality of life in the Elbe’s metropolis. Dresden is one of the most dynamic and promising economic regions in Germany and is well prepared for the 21st century. Mixed in with the numerous global players, primarily future-oriented medium-sized companies operate here, with particular focus on the fields of microelectronics, nanotechnology and biotechnology. Other pillars of the diverse corporate landscape are a broad service sector and a thriving tourism industry—which is why Dresden has created a much-needed powerful and intelligent infrastructure. Equally as excellent as the city’s economic sector is its emphasis on science—Dresden is one of the most research-intensive regions in Europe. Current figures and top standings in economic rankings further attest to the city’s prominent position. The plethora of renowned universities, educational facilities and institutions in the city are highly valued for their research.

Macro environment area: 328 km²
Macro environment population: 549,487
Macro environment population density: 1,674 Einwohner je km²
Macro environment unemployment rate: 6.1 %
Macro environment purchasing power: 1624
Macro environment purchase power index: 81.2

Dresden-old town

With its proximity to the Frauenkirche (Church of Our Lady) at Neumarkt (Dresden’s New Market), the project will be located in one of the most attractive and historic places in Germany. The magnificent buildings from the Renaissance and Baroque eras and numerous nineteenth-century buildings make up the face of the city centre. Many of these buildings are officially registered as cultural heritage sites and have already been renovated according to the corresponding preservation guidelines. Observers of the market unanimously agree that Dresden’s Old Town is the area with the greatest potential in city, which is underscored by the rising prices of new lettings and the increased demand for residential buildings.


Micro environment area: 17.02 km²
Micro environment population: 54,578
Micro environment population density: 3,207 Einwohner je km²
Micro environment purchase power index: 91.2
Property environment
Distance to city centre: 0.0 km
Distance to railway station: 2.5 km
Distance to motorway: 6.0 km
Distance to nursery: 1.5 km
Distance to local public transport: 0.4 km
Distance to school: 1.4 km
Contact Persons

Ulf Graichen

Contact Details

CG Gruppe AG
Schweriner Str. 1
01067 Dresden

Any Questions?

Call us: +49 (0)351 65 29 68 - 0

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

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