The historical monument in the city centre of Dresden is an example of the industrial architecture of the Gründerzeit, the economic boom period of the mid-1900s, and will soon present itself in a new guise. Several apartments and lofts will be created here and expertly incorporated in the original fabric of the building.
About the property
- Project category: Residential property
- Project type: Listed properties
- Building: -
- Purchase: 2016
- Investment amount: EUR 1.100.000
- (planned) revenue*: EUR 1.450.000
Note: *) This value is a forecast.
Dresden, the capital of Saxony, is the political centre of the Free State and a real tourist magnet with its restored historical centre, its baroque buildings and its cultural highlights such as the Semperoper and the Zwinger.
But Saxony’s second largest city is now also a booming economic location. In addition to the traditional sectors of engineering and electrical engineering, the automotive industry and the pharmaceutical and cosmetics industry, Dresden is now concentrating primarily on innovation and cutting-edge technology. The Saxons are focusing on nanoelectronics and information technology, and the state capital is home to the “Silicon Saxony e.V.” association, whose members represent Europe’s largest body of research institutions and companies in the semiconductor industry.
Dresden’s rapid economic transformation was made possible not least thanks to the region’s first-class infrastructure. The state capital, which has a population of around half a million, is an important hub for Deutsche Bahn and has a major freight handling centre. The city on the Elbe also has an international airport, connections to four federal autobahns and a modern inland port which covers around 42 hectares.
The Dresden district of Niedersedlitz is located in the southeast of the state capital, about eight kilometres from the historical centre. It has a predominantly industrial character and had its first boom in the middle of the 19th century with the construction of the railway line from Dresden to Pirna. With companies such as the renowned Sachsenwerk, the Niedersedlitzer Kamerawerke or the production of lace and curtains, Niedersedlitz soon became known beyond the borders of Saxony. And even today, companies from a wide variety of industries can still be found on both sides of the railway line, and there is also a modern business park. The fully developed complex is in demand and major companies such as DB Schenker or the young technology company CreaPhys are paving the way for the emergence of a new important research and science location in Dresden.
The commercial area is located south of the Elbe River between Dresden-Niedersedlitz and Dresden-Döbritz railway stations. It is surrounded by lightly developed residential areas with a very good infrastructure and is served by various bus and tram lines. The nearest autobahn is the A17, with the Dresden-Prohlis and Heidenau junctions each about a 10-minute drive away.