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Bayer acquires WSW site: future vision for Wuppertal?
Bayer is acquiring the site of the former WSW thermal power plant in Wuppertal and is planning further real estate sales.
Bayer acquires WSW site: future vision for Wuppertal?
The Bayer Group recently acquired the site of the former WSW thermal power plant on Kabelstrasse in Wuppertal. This property is located directly adjacent to the Bayer factory site and therefore offers strategically valuable opportunities for the company. Before it was purchased by Bayer, the area was acquired by an investor whose plans failed due to structural conditions. Concrete information about the future uses of the site is still unclear, but there is talk of building a parking garage.
Particularly noteworthy is the 190 meter high chimney of the thermal power plant, which is considered the tallest structure in Wuppertal and should be preserved. This suggests that Bayer may be planning a project that integrates the historic structure into the new context.
Sales of residential houses
In addition to purchasing the cogeneration plant site, Bayer also sold several residential buildings on Friedrich-Ebert-Straße. These houses, some of which are listed buildings, are now being renovated by a group of investors and then rented out. This step shows Bayer's commitment to not only expand its own business, but also to actively contribute to the renovation and upgrading of the neighborhood.
The group's extensive real estate optimization in Wuppertal raises questions about its long-term plans. Part of these plans could include the modernization and revitalization of various sites, both for the development of housing and the creation of new commercial spaces.
In addition to the real estate matters, Bayer emphasizes that the related materials are not directed to persons in the United States, Australia, Canada or Japan and that there are no public offerings of securities in the United States. In the UK, the materials are only intended for professional investors and high net worth companies, indicating a focused approach to dealing with investors.
Overall, Bayer's real estate portfolio in Wuppertal includes both innovative developments and the preservation of historical structures. With these steps, the company clearly demonstrates its ambitions and commitments to the city and its residents, while at the same time making strategic decisions for its own future.