What will happen to the marina property in Castrop-Rauxel in the long term? Financial expert explains

What will happen to the marina property in Castrop-Rauxel in the long term? Financial expert explains

According to a report by www.ruhrnachrichten.de, there are discussions in Castrop-Rauxel about the fate of the marina property. The city has commented on this issue. A restaurant and the AMC have to vacate buildings for construction work. But what happens when the construction work on the canal in Castrop-Rauxel is over?

City can't do anything

The city of Castrop-Rauxel said it could do nothing in this regard. The Federal Real Estate Agency (BImA) has the right of first refusal for the area. This means that the decision about what will happen to the marina property lies in the hands of the BImA. It remains to be seen what plans or developments will arise in relation to the property.

The uncertainty about the future development of the marina property could potentially have an impact on the real estate market in Castrop-Rauxel. If the area is used for new construction projects, this could lead to a change in the real estate supply and to rising real estate prices in the region. On the other hand, existing properties in the vicinity of the property could lose value if proposed developments affect the historic appearance or attractiveness of the surrounding area.

It will be interesting to see how the matter develops and what impact it will have on the local real estate market. The decisions made regarding the marina property could have long-term consequences for the real estate industry in Castrop-Rauxel.