Stuttgart/Ulm, 26 April 2018: Instone Real Estate Development GmbH has celebrated the topping-out of its Safranberg Ensemble project in Ulm. A total of 120 owner-occupied flats of between 28 and 218 square meters, including one- to five-bedroom units, are being built on the 11,000-square-meter former site of the university hospital, on the southern slope of the Safranberg. The project will completely revitalise the listed former hospital building, creating space for 97 attractive apartments. A further 23 housing units will be realised in new adjoining buildings. The site will also have 116 underground and six outdoor parking spaces. At total of 85 percent of the flats had already been sold when construction began, and the remaining units have now been fully sold.
Tim von Winning, Ulm’s Mayor for Urban Development, Construction and Environment says: “I see the further development of our city, with its impressive history, and the creation of attractive housing as important areas of focus for Ulm in the years to come. This is why I’m so pleased that new apartments will be completed here soon, which will provide an impressive example of the conversion of a valuable historic building.”
“We are very proud that, thanks to our good working relationship with the municipal authorities, we are creating new living space in the listed buildings,” notes Bianca Reinhardt Weith, manager of Instone’s Baden-Württemberg branch. “Ulm is one of the cities in southern Germany experiencing dynamic growth, and it urgently requires new housing. We are certain that the Safranberg Ensemble will allow us to make an important contribution to Ulm’s urban development,” she says.
“The Safranberg Ensemble will not only have outstanding infrastructure, with diverse shopping and leisure offerings in the vicinity, but its attractive green spaces and proximity to the Swabian Jura mean that it will also provide a lot of recreational opportunities and a high quality of life. The combination of appealing contemporary architecture and historic charm makes our project unique in Ulm,” says Harald Meerße, COO of Instone Real Estate Development for Baden-Württemberg and Bavaria.
Note on press photo: Harald Meerße, COO of Instone Real Estate Development for Baden-Württemberg and Bavaria
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