Essen/Leipzig, 6 December 2018: Instone Real Estate, one of Germany's leading residential developers, has moved into new office space in Leipzig. The company is thus laying the foundation for further dynamic growth in the region.
Torsten Kracht, CSO of Instone Real Estate, states: "Due to its increasing attractiveness and economic power, Leipzig offers great potential for future developments in the housing market. We are convinced that, with our new location on Karl-Heine-Straße, we are in an excellent position to create attractive living space for the region in the future." Kracht adds: "In terms of personnel, too, our new branch office offers ideal conditions for our further growth. Instone is an attractive employer for anyone wishing to actively shape our cities by means of responsible housing."
The residential developer is currently building more than 500 apartments in Leipzig and Halle. At present, three projects or construction phases of Instone Leipzig have been completed and are about to be handed over to the new owners:
In the Heeresbäckerei – currently the largest residential construction project in Leipzig – a major part of the first phase of the project with 60 residential units will be handed over. In total, 347 apartments are being built on the roughly 36,500 m2 site, 245 of which are in the listed old building and 102 in the new building, spread over five construction phases. Completion of the residential district is scheduled for the end of 2019.
Likewise in Leipzig-Gohlis, the so-called Königsbau in the former Bleichert Werke, a building dating back to 1888, has been carefully revitalised by Instone. The 46 residential units will be handed over in December of this year, which means that, as of March 2019, the first tenants will be able to move into their new apartment.
As early as the end of December 2018, Instone will give another listed building in Leipzig a new lease of life: the old Mühlenwerke flour mills in Stahmeln, built in 1896, have been extensively renovated, resulting in 68 attractive apartments.
Instone Real Estate
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Tel.: +49 (0)30 2844987-61