In Prager Strasse, between Ostplatz and the already completed LKG Carré, the elongated office complex of the former building regulations office connects to the former Technical Town Hall.
For this Vertical Village project, the building will be divided into four similar parts, each with nine-storey towers and retail spaces in their collective base. After a complete gutting of the structure, 300 compact flats will be built in the attractive “quadruplets” with typical VauVau elements like efficient floor plans, upscale partial furnishings and communal areas (e.g. a gym and co-working spaces).
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.
|Area for rent/sale:||20,300 m²|
|Car parking spaces:||176|
|Construction period:||January 2018 to June 2020|
|Heating type:||Central heating|
|Major Energy Carrier:||district heating|
|Energy certificate:||no information|
Letting of apartments will begin during the shell construction phase.
The property is to be sold turnkey and fully leased to a capital investment company.
Leipzig, with its more than 570,000 inhabitants, is the largest city in the Free State of Saxony as well as an economic hotspot. Highly efficient, internationally known companies like BMW, Porsche, Amazon and DHL appreciate the outstanding infrastructure and sought-after location the in the heart of Europe at the intersection of traditional trade routes. The 600-year-old university counts itself among Germany’s nine elite institutions of higher education. In addition to that, the city boasts a unique charm. The largest architecturally historical monument area and the largest contiguous inner-city park are just two of the superlatives that the city’s residents can make use of. As a result, Leipzig repeatedly finds itself within the highest international rankings in terms of quality of life, livelihood and economic dynamics.
|Macro environment area:||297 km²|
|Macro environment population:||570,087|
|Macro environment population density:||1,913 Einwohner je km²|
|Macro environment unemployment rate:||8.7 %|
|Macro environment purchase power index:||92.1|
- The city centre, with the famous Nikolai Church and Thomas Church as well as the University of Leipzig, lies approximately 1km away from the property.
- The nearest tram stop is just 50m away.
- The distance to the A14 motorway is 9km and to the A9 16km. The Leipzig/Halle Airport is 21km away; and the main railway station is 1.5km, or two tram stops.
- Leisure opportunities lie just 400m away in the Lene Voigt Park and 700m away at the Botanic Garden. Cultural options are only 3km away at the Völkerschlachtdenkmal (Monument to the Battle of the Nations).
- Shopping for everyday needs can be done 1.5km away at the city centre and Marktgalerie (Leipzig’s Market Gallery).
|Micro environment population:||13,440|
|Distance to city centre:||1.0 km|
|Distance to railway station:||1.5 km|
|Distance to motorway:||9.0 km|
|Distance to nursery:||0.5 km|
|Distance to local public transport:||0.1 km|
|Distance to school:||0.4 km|
- The conversion of an existing office building to residential and commercial property.
- The attached office buildings will be split into four towers with a common base.
- The ground floor will be used for office, retail and restaurant space.
- Areas for co-working and temporary residency will be built alongside residential units on floors 1 – 10.
Urban Land-use Planning
- City centre development, no existing development plan, planning and building laws according to Art 34 of the Federal Building Code