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.
|Sales volume (GDV):||143,916,000 EUR|
|Total area of the land:||9,614 m²|
|Area for rent/sale:||26,652 m²|
|Car parking spaces:||327||327 underground parking|
|Construction period:||July 2018 to July 2021|
|Year of construction:||2021|
|Object condition:||First time use|
|Heating type:||Central heating|
|Major Energy Carrier:||district heating|
|Energy certificate:||energy certificate required|
|Units:||257 (30–135 m²)|
|Description:||Offices, medical practices, shops, hostel|
Renting will begin during the shell construction phase.
The property will be sold turnkey and fully leased to a capital investment company (Versorgungskasse).
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|
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|
|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|