VICUS GROUP AG, Leipzig-based specialist for value-add investments, has acquired the “Moritzhof” district center in the new and established residential area of Leipzig-Lößnig from a fund investment. It was agreed not to disclose the purchase price.
Leipzig-Lößnig, located in the popular south of Leipzig, is a district for everyone due to the extensive infrastructure with local supply, health care, schools, daycare centers, jobs and affordable housing. The “Moritzhof” acts as the only local supply center in the whole area as a central contact point for residents and employees. The attractive, densely populated residential area near Zwickauer Strasse impresses with its proximity to the Lößnig-Dölitz with the Silbersee and the residential areas of the Märchenwiese and Am Rundling; and enables short distances to the BioCity and the science and development location Kohlrabizirkus as well as the urban area Bayerischer Bahnhof due to the optimal public transport connection. The district center has its own stop of the same name, which is served by tram and bus lines. An S-Bahn station is in the immediate vicinity of the property. Within 15 minutes you can reach the city center and the southern part of Leipzig can be reached directly via the B2 federal highway.
With more than 7,500 sqm of rental space, the district center consists of two building complexes, each with an underground car park and a separate driveway. Both parts of the building have a balanced mix of branches – drugstore, grocery store, pharmacy, hairdresser, physiotherapy and ergotherapy, games library, fashion shops, restaurants and other shops and facilities for everyday needs supply people in the entire settlement and catchment area.
Today’s “Moritzhof” is an ideal location for retail, trade, health and living.
The inner-city property with more than 13,400 sqm allows a considerable potential for new construction and development of approximately 50,000 sqm. Due to the ideal location on the Magistrale with high visibility, one can speak of a landmark property after the redevelopment of the project. Today’s use would have to be integrated into this new development, as the “Moritzhof” supply location is an important part of the living quality in the south of Leipzig/Lößnig.
With the acquisition of this project, VICUS GROUP AG is further expanding the proportion of its portfolio of commercial and development properties in central locations in major German cities. In times when the centrality of residential locations in connection with security of supply and quality of life is a top priority, these developments are an important contribution to the future reduction of CO2 pollution in large cities.
The VICUS GROUP AG buys commercial real estate in the TOP 8 locations and regional centers in Germany with individual transactions between EUR 10 and 100 million, portfolio transactions up to EUR 200 million as well as company and fund investments
