City secures right of first refusal for the expansion of the high school in Bielefeld

City secures right of first refusal for the expansion of the high school in Bielefeld

According to a report by www.radiobielefeld.de, the city of Bielefeld has secured a right of first refusal for an adjacent property in order to expand the Waldhof high school. There is already a million-dollar purchase offer for the building. The capacity of the high school is no longer sufficient and the purchase of the House of Crafts has already been decided to solve the problem for the time being. Nevertheless, no final solution has been determined yet.

This measure could have an impact on the real estate market in the area. The high school's expansion could increase demand for nearby housing, resulting in higher demand and potentially higher prices. At the same time, the district's attractiveness could increase due to better school infrastructure, which could also have an impact on real estate prices.

For investors, the expansion of the high school could be an interesting development, as the increasing demand for real estate in the area around the school grounds could offer new opportunities for investment. It is therefore advisable to closely monitor the further development of the school site and its influence on the real estate market in Bielefeld.