Magdeburg

With about 240,000 inhabitants, the state capital by the Elbe is one of the three upper centers of Saxony-Anhalt. Magdeburg has a major inland port, an industrial and commercial center, is an University City and  the location of many important cultural institutions. The Neustadt Passage is located in the Neustadt district of and was opened in the late 1990s. The total property has around 8,000 sqm of sales space as well as 3.500 sqm of office space, making it one of the largest shopping centers in Magdeburg – but most recently it was almost 50 % vacant. The Hanseatic Group is the new owner of the property and will revitalize it as part of an efficient concept.

KEY FACTS

Location: Lübecker Straße 103-108, Magdeburg
Status: Project development
Built: 1995
Useable area: approx. 12.410 m²
Parking space: ca. 234
Apartments: 25
Tenants: REWE, Rossmann, Ernstings Family, WorldGym Fitness etc.
Completion: 2019

Picture credits:
Michael Schulz-Dostal, Hanseatic Group