The Commercial Property Darmstadt-Hilpertstrasse has considerable development prospects. It is located in a commercial area with mainly office and administrative buildings in the west of Darmstadt and is very well connected to the adjacent A5 motorway. Similarly, the property is only 3 km from the city center and 2 km from Darmstadt's main train station, making it ideal for an office location.
The property was recently used as an office and production/logistics property, albeit with short term leases. After the tenants have moved out, the existing building is scheduled for demolition, at the site of which a high-quality new property with a modern, user-oriented service concept is to be constructed. We estimate a construction period of 20 months.
The new building will allow us to utilize the existing development plan and replace the current property with 2,531 sqm of leasable space with a building with around 9,200 sqm of leasable space and 91 underground parking spaces.