New buyer and tenant found for the Hoesch ruins in Dortmund - a happy ending to a long drama?

New buyer and tenant found for the Hoesch ruins in Dortmund - a happy ending to a long drama?

According to a report from www.ruhr24.de, there are signs of a happy ending for the former Hoesch headquarters on Rheinische Straße in Dortmund. The scrap property has found a buyer, the Sparkasse is planning to develop the building for a “communal purpose,” and the Dortmund Youth Welfare Office is expected to move into the building.

The former Hoesch headquarters had been vacant since 2011 and was in severe disrepair. Vandalism and neglect turned the magnificent building into a scrap property. Some photos showed the condition of the building, including thousands of files stored in a locked room.

The Sparkasse plans to develop the building for a “communal purpose” and there is speculation that the Dortmund Youth Welfare Office will move to Rheinische Straße. The current home of the youth welfare office on Ostwall is in great need of renovation, which would provide enough space for the almost 300 employees in the former Hoesch headquarters.

However, it is known that the building itself also needs extensive renovation before the city can move in.

This sale and the upcoming use of the former Hoesch headquarters are likely to have a positive impact on the real estate market in Dortmund. Renovating and repurposing the building could attract additional investment to the area and increase interest in similar real estate projects in the city. It could also help increase property values ​​in the area and increase the neighborhood's attractiveness.

Overall, the sale and planned use of the former Hoesch headquarters in Dortmund is a promising sign for the real estate industry in the city and could have a long-term positive impact on the market.