E & G Stuttgart Office Market Report 2018-2019

09 10
DEVELOPMENTS IN 2018/2019
Changes in the urban landscape
thanks to innovative district development
The new building development projects of recent years have significantly changed the
urban landscape, resulting in substantial upgrading of some city districts. The axis from
the Europaviertel district to the Pragsattel, Löwentor Neckarpark areas in particular will
contribute to a completely new urban landscape after the relevant plans have been realized.
THE LIVELY EUROPAVIERTEL DISTRICT
The Europaviertel district has become an area characterized
by its lively nature. It is a successful combination of modern
office spaces; high-end city apartments; retail units and
hotels. Construction on the remaining building plots is
already planned, with new projects also a mix of residential,
office and hotel space. The expansion of the inner city
ring will thus have been successfully completed in the
foreseeable future.
DEVELOPMENT IN THE PRAGSATTEL AREA
Construction of the “MAYOFFICE” building plus a residential
development project including offices will make the vacant
plots around the theatre, disused for a long period, a thing
of the past. They will be replaced by a new district with
a well-balanced mix of cultural use; residential property
and modern office spaces. The new project planned by
Bülow AG directly adjacent to the Pragsattel ridge is sure to
become a landmark in the area. The “Porsche Design Tower”
– an 85-m tall structure – is scheduled for completion at
the end of 2022 and will include office and hotel space. In
addition to this, Porsche SE will be building its new Porsche
Centre, with display areas, a gallery and workshops, on the
neighbouring plot which it owns.
LÖWENTOR – A SHOOTING STAR
The Löwentor area is set to undergo a major transformation
after experiencing a Sleeping Beauty-like slumber for
many years, despite the fact that construction of two new
office buildings at the beginning of 2000 showed that the
location is of interest to office users. The old, in some cases,
empty manufacturing buildings in the surroundings were,
however, unattractive.
The development of the “Wizemann Complex”, with
an offering ranging from simple lofts to modern newly
constructed properties, subsequently boosted the area’s
value. In addition to this, a DIBAG office project, still under
construction, has in the meantime already been fully
let, while the “leo Business Campus Stuttgart”, a LBBW
Immobilien Development GmbH project, is under way on
the high-profile corner plot Pragstrasse/Löwentorstrasse
and will significantly further upgrade the area. The
development of the “Mahle Future Campus” will close
the gap between the “Wizemann Complex” and Mahle’s
corporate headquarters by creating state-of-the-art, highquality
office space. Completion of the Rosenstein Tunnel at
the end of 2021 will result in a further improvement.
NECKARPARK IS CATCHING UP
There was a long wait until construction work could begin
on the 22-hectare former site of a railway freight yard. At
present three office buildings are under construction, two
of which will be occupied by the Stuttgarter Volksbank bank.
Building of two further office projects is scheduled to begin
in the very near future, with the architectural competition
for one of them already having taken place. Work on
second-row residential properties will also commence
shortly. A total of 850 apartments is planned as well as a
swimming baths and sports grounds. Taken in conjunction
with the generous green space concept the Neckarpark area
is becoming a new, modern urban district which offers a
high quality of life.
leo Business Campus Stuttgart
Source: LBBW Immobilien Development GmbH
STUTTGART | 2018/2019 OFFICE MARKET REPORT
STUTTGART | 2018/2019 OFFICE MARKET REPORT