Financial experts are analyzing the takeover of the Wettiner Platz district by the Hamburg company Valorum

Financial experts are analyzing the takeover of the Wettiner Platz district by the Hamburg company Valorum

According to a report by www.saechsische.de,

The Revitalis company has built hundreds of apartments in Dresden city center. Now it is handing over a major project to another Hamburg company – the development of the green space at Wettiner Platz.

Dresden. Development can continue at Wettiner Platz. The Hamburg real estate developer Revitalis Real Estate AG, which has already built several residential buildings in Dresden, has sold the second section of its district on Wettiner Platz. The new owner is the project developer Valorum, also from Hamburg. The purchase agreement was concluded in 2023, both companies said.

This announcement of the sale of the second section of the district at Wettiner Platz in Dresden to another Hamburg company has short and long-term effects on the real estate market. In the short term, this could increase investor interest in the area, especially if the new company is well known and has a good reputation. In the long term, this could also lead to increased confidence in the property development industry in Dresden, which could lead to further investment and general growth in the market.