Properties – Leipzig demonstrates East German dynamics

AENGEVELT – Property consultant in Leipzig is familiar with all the subtleties of the properties sector

Leipzig has done a great deal since 1989 – from a city in which the majority of the historic buildings were greatly in need of renovation and a city in which industrial production almost entirely collapsed, today, Leipzig has developed into an attractive and economically strong location.

Leipzig is one of the regions in Eastern Germany in which high-performance commercial enterprises have established themselves. The economy in Leipzig today is primarily shaped by logistics and the automotive industry. And it is precisely from these two sectors of business that important impetuses are emanating for the properties sector. Furthermore, Leipzig is still a significant location for trade fairs as well as the home of science and cutting edge high-tech industry. The close interplay between business and politics (active funding for the economy) has paid off.

Very important logistics properties in Leipzig

Logistics properties – Leipzig has become a central hub for traffic and logistics ever since the aviation hub of DHL went into operation at the Leipzig airport in 2008. The airport, which was expanded to handle 24-hour operations especially for the transport of freight is the motor of the entire region. More and more logistics companies are moving to Leipzig: Kühne & Nagel and Schenker are only two more internationally leading logistics companies which currently have sites here. In 2007, AENGEVELT moved its “AENGEVELT competence centre logistics” to Leipzig in order to live meet the challenges of this growing logistics location. This strategy has paid off. AENGEVELT is one of the TOP property consultants in the logistics sector – and especially so in the Leipzig/Halle area. In the meantime, property brokering for logistics companies has been setting new records. This sector with its special challenges – fast acquisition of large spaces – is profiting from the competence and international networks of the AENGEVELT property consultants. Also of great importance in the Leipzig area are automobile manufacturers. Manufacturers such as Porsche and BMS as well as numerous suppliers have locations here as well. In close cooperation with the airport, hundreds of employment opportunities traditionally bound to automobile construction opened up in the Leipzig area.

Office space: Leipzig is demonstrating growth here as well

This positive development in logistics and the automotive industry has also had positive effects on the office spaces in Leipzig. For a long time now, the market has been undergoing positive development and turnover in office space has been rising like never before. The realisation has also been arrived at that new and modern office space is missing in Leipzig. The task for the coming years will be to invest even more into new construction. If banks continue to be reluctant, new methods of financing must be found. Properties experts such as AENGEVELT will find solutions together with the world of business.

AENGEVELT branch in Leipzig

As early as the 1st of October 1991, AENGEVELT opened a branch in Leipzig. After the fall of the Berlin Wall, the company quickly recognised the potential that could be found in the renowned trade fair city. AENGEVELT has actively overseen the renovation and transformation of Leipzig since then. A massive undertaking such as the extensive restoration of historic buildings is a unique chance for properties developments and property consultants. Today, Leipzig impresses visitors with arduously renovated constructions from the Gründerzeit period – building which are hard to find in almost any other major German city.