ARCADIA Investment GmbH and AENGEVELT broker approx. 660 m² office space in Leipzig „Merkurhaus“

ARCADIA Investment GmbH and AENGEVELT broker approx. 660 m² office space in Leipzig „Merkurhaus“.

MerkurhausAENGEVELT Leipzig and ARCADIA Investment GmbH broker a long-term contract (>10 years) for approx. 660 m² office space to a health centre for therapy and prevention in “Merkurhaus“, an A1 location in the Leipzig inner city at 2 Markgrafenstraße /50 Petersstraße. The building, which has approx. 10,000 square meters rentable space, was erected in 1937 and was refurbished for listing as a monument up to the beginning of 2012. The new landlord is an investor who has been advised and supported by ARCADIA Investment GmbH since the conception and new orientation of the property. The health centre which specializes in speech therapy as well as occupational therapy will commence its lease contract in September 2014. Particularly pleasing: The tenant is also a new settlement which is means the creation of new jobs.

Since the opening of the city tunnel and commencement of the expansion of the pedestrian zone – extension right up to the city tunnel exit – there has been a notable increase in the interest for office space. ARCADIA Investment GmbH attributes this to the excellent infrastructural connection over the borders of Leipzig and beyond. Employees are therefore able to get to work without getting their feet wet. Another important criterion according to AENGEVELT is the fact that the entire building has been built disabled-friendly and therewith creates the ideal conditions for users of the medical and public sectors.

High new settlement quotas lead to positive net absorption

arcanum“The decisive factor for arcanum’s decision to become a tenant was the excellent city location of the Merkurhaus and the suitability of the areas needed for the diverse therapy services.” explained Kathleen Haubold, head of commercial leasing at AENGEVELT, and continues, “This also confirms the continuing high quota of new settlements in Leipzig – contracts for about 15,000 to 20,000 m² office space are concluded per year. This bodes very well for the Leipzig office market as it leads, together with the expansion of already settled companies, to a positive net absorption which means an increase in the use of office space and therewith also a decrease in marketable vacant office space.” ”Well-lit and well-developed office space with 2,000 m² and more is hardly still available in the inner city ring”, confirms Alexander Folz, managing partner of ARCADIA Investment GmbH, and adds: “This positive development trend of the city will in the short or long-term automatically lead to a scarcity of modern office space and therewith a respective increase in rent.