Evangelical Press Association leaves office space in Bielefeld - insight into the move and the new plans

According to a report by www.nw.de, the Evangelical Press Association (EPV) has moved out of its offices in Bielefeld-Brackwede after more than fifty years. The striking building at Cansteinstrasse 1 was sold and the EPV moved into new, smaller premises at Buddestrasse 15. The sale of the building may have an impact on the real estate market and the industry as a whole.

Impact on the real estate market

The sale of the striking building to a Bielefeld entrepreneur can lead to other potential buyers and investors becoming aware of the real estate market. The attractiveness of real estate in the area could increase as interest in such buildings may increase. This could lead to increased demand and rising prices.

Impact on the real estate industry

The EPV's move and the sale of the building could also have an impact on the real estate industry. The industry could see increased interest in commercial real estate in Bielefeld and the surrounding area. Investors may become increasingly interested in purchasing and developing such buildings in order to then rent them out to companies or other users. This could lead to a revival in the commercial real estate market.

Changes in the publishing industry

The EPV's move and the downsizing of the publishing house also have an impact on the publishing industry, particularly in the area of ​​church newspapers. The EPV is reacting to the decline in circulation figures of its main newspaper “Our Church” and now sees the newspaper as a special interest product for a target group aged 30 and over. This change could also prompt other publishers to adapt their products and target groups to meet changing market conditions.

Home office as a new trend

The EPV's move and the associated introduction of home office as part of the new office concept could also lead to other companies and organizations increasingly relying on mobile working. Due to the positive experiences during the Corona pandemic, many companies have realized that working from home enables an efficient and flexible way of working. This could lead to increased demand for office space suitable for working from home.

Overall, the impact of the relocation and sale of the EPV building on the real estate market and industry will depend on several factors, such as the attractiveness of the region, the interest of potential buyers and investors, and changes in the publishing industry and labor market. It remains to be seen how these factors will develop and what the long-term impact of the move will be.