ARCADIA Investment GmbH conceptualises car park for S&G Development GmbH at Leipzig Main Station

ARCADIA Investment GmbH conceptualises car park for S&G Development GmbH at Leipzig Main Station and brokers OPG Center-Parking as the tenant for approx. 550 new parking spaces

For Leipzig project developer, S&G Development with its headquarters in Leipzig and Frankfurt, ARCADIA Investment GmbH – after extensive design consultations prior to the car park development – organized a tender, which was subsequently awarded to OPG Center-Parking GmbH from Osnabrück as the operator and tenant of the car park in the project development at Leipzig Main Station. Thereby S&G Development GmbH implemented the car park in conjunction with two hotel developments at this exclusive location. OPG Center-Parking GmbH concluded a 20-year lease contract for the car park with approx. 550 parking spaces. The new Leipzig district bus terminal with 12 bus stops for long busses as well as approx. 770 m² of retail space is to be integrated on the ground level of the car park.

The car park project is situated in a central inner-city location directly on the highly frequented city ring and in the immediate vicinity of the Leipzig Main Station. Numerous companies have settled here over the past few years, and other large projects are currently being constructed, such as the new headquarters of the Leipziger Wohnungs- und Baugesellschaft mbH. “Despite that”, explained Alexander Folz, Managing Director of ARCADIA Investment GmbH, “the settlement policies of the city of Leipzig for new car parks are presented rather defensively which have the makings of creating an artificial scarcity.” A situation which he believes, measured according to the current development trend, will be further aggravated in the next few years.

The car park project which is extremely visible from the city ring and is easily accessible from all sides, will in future, together with the already existing underground parking of the Leipzig Main Station, represent the parking capacity on the Leipzig city ring in a north-easterly direction. There is an existing long-standing office block of the German Railroad flanking the car park on the one side and directly adjacent on the other side a large hotel development with two hotels is being created: a Ramada Hotel (200 rooms) and an H2 Hotel (300 rooms) without on-site parking capacity. The ready-for-operation handover of the car park is planned for the end of 2017.

The ARCADIA Investment Group has focused its specialisation on the development of property used for retail and residential properties as well as car parks and underground car parks throughout the entire Germany. In addition to activities relating to its own portfolio, it has also implemented a host of projects in the framework of joint ventures – amongst others in close collaboration with international companies. One of the company’s core business functions is the optimisation, maintenance and expansion of the property portfolio of family businesses with the utmost care and confidentiality. The ARCADIA Investment Group currently employs 13 people.

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