About the property
- Project category: Residential and commercial
- Project type: New building / project
- Building: 2023
- Purchase: 2021
- Investment amount: EUR 3.500.000
- (planned) revenue*: EUR 7.353.950
Note: *) This value is a forecast.
With 214,000 inhabitants, Erfurt is considered the largest city in Thuringia and one of the federal state's major centres. The capital of the Free State of Thuringia has an area of 269.91 km². The cityscape is shaped by historic buildings from the Wilhelminian period and with a population density of 792 inhabitants per sqkm, has a hilly and intensively farmed character. The high quality of life in the city is mainly attributed to the many shopping opportunities, gastronomy, cultural and sporting facilities, as well as its child-friendliness and good public transport connections.
Erfurt is an important business location with well-known companies employing around 140,000 people in over 14,000 businesses. They are primarily active in mechanical and plant engineering, horticulture, media and creative industries and the food industry. Well-known companies include Redcoon, Zalando, Computacenter, Mediengruppe Thüringen, KNV, X-Fab, Siemens, Schuler, Qundis, Ibykus, Melexis and Deutsche Post DHL.
In 2012, there were over 700,000 overnight stays by tourists in Erfurt. Most of the 5,000 available hotel beds were occupied by visitors from within Germany. The annual Erfurt Christmas Market and the Krämerbrücken Festival, which takes place every summer, are important destinations. Furthermore, the old synagogue is an important attraction with over 50,000 visitors per year.
Wendenstrasse 20-22 is located between Eugen-Richter-Strasse, which is the main street of the neighbourhood, and Steinplatz, the most important traffic junction. Bus lines 15, 20, 50 and trams 1 and 5 provide access to the theatres, cinemas, shopping centres on the Anger, the main railway station and the historical centre. In summer, Nordstrand is a good place to swim. This flooded gravel pit is located in the eastern part of Johannesvorstadt. Furthermore, a bakery, a pharmacy and a supermarket are located in close vicinity of Wendenstrasse 20-22.