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Financial expert: New buyer and tenant for Dortmund's junk property on Rheinische Straße - end of the drama?
According to a report from www.ruhr24.de, the former Hoesch headquarters on Rheinische Straße in Dortmund has finally found a buyer after being vacant for many years. The savings bank is buying the approximately 16,000 square meter property for a “communal purpose” and plans to develop the building. There is speculation that the Dortmund Youth Welfare Office will move into the impressive building, as the agency's current home is in urgent need of renovation. The impact of this property sale could be significant, as the Hoesch ruins have been a problem for the city of Dortmund for many years. The planned use of the property for municipal purposes could not only increase the attractiveness of the area...
Financial expert: New buyer and tenant for Dortmund's junk property on Rheinische Straße - end of the drama?
According to a report from www.ruhr24.de,
The former Hoesch headquarters on Rheinische Straße in Dortmund has finally found a buyer after being vacant for many years. The savings bank is buying the approximately 16,000 square meter property for a “communal purpose” and plans to develop the building. There is speculation that the Dortmund Youth Welfare Office will move into the impressive building, as the agency's current home is in urgent need of renovation.
The impact of this property sale could be significant, as the Hoesch ruins have been a problem for the city of Dortmund for many years. The planned use of the property for municipal purposes could not only increase the attractiveness of the area, but also stimulate the real estate market as a whole. New investment in the renovation and development of the building could also have a positive impact on the surrounding economy.
It remains to be seen how the situation will develop and when the renovation work will be completed. Overall, however, the sale of the Hoesch ruins could represent an important and positive step for the real estate market in Dortmund.
Read the source article at www.ruhr24.de