Properties – Magdeburg interesting for investors

With its own branch – AENGEVELT as a property consultant in Magdeburg

Magdeburg is the capital city of the Federal State of Saxony-Anhalt since the state was re-established in 1990. Moreover, Magdeburg is a city with a moving and exciting history which can be traced back to the year 805 B.C.E.

While Magdeburg was very significant Hanseatic city during the Middle Ages, today’s economy is defined by mechanical engineering, environmental technologies, processing renewable raw materials and logistics.

Science and research institutions also play an important role in Magdeburg. The properties market is characterised by investors that are searching for income objects in the field of residential properties. Office properties and consulting rooms are definitive in Magdeburg’s commercial properties market. Another important properties sector in the capital of Saxony-Anhalt is retail space for everyone in Magdeburg who would like to rent a shop.

Residential property as an income object

Magdeburg offers high-end residential properties with stable occupancy rates as income objects for investors. AENGEVELT has successfully brokered numerous objects in this sector in the past few years. No matter whether a multi-storey dwelling in Magdeburg which was lovingly renovated or modern residential properties which were newly constructed after the fall of the Berlin Wall, the attractive properties in Magdeburg are in a stable market for profitable investments. We have also been successful in brokering retirement homes in this region. Independent of the economic situation, well let, continual income – the demographic facts alone are good reasons to invest in retirement housing.

Office space, retail properties and commercial premises

The property consultant AENGEVELT is active in Magdeburg and its surrounding area and is contributing to the development of new commercial premises. This also includes the establishment of large-scale retail such as car dealerships in new, lucrative commercial areas at the edge of the city and in the region. The city of Magdeburg is a significant high-level centre for the entire region as appreciable purchasing power flows into the city from the surrounding area. That is why retail in the city and commercial premises with warehouses and logistics properties on the edge of the city are important components of the commercial properties market in Magdeburg. Traditional retail is essentially focused in the downtown area – an area in which AENGEVELT actively contributes to the development of new properties as a property consultant. In the past 20 years, the downtown area has been transformed into an extremely attractive and popular shopping location. And property consultants like AENGEVELT are not least to thank for the vital role they have played.

AENGEVELT, your property consultant in Magdeburg

AENGEVELT decided early on to open a branch in Magdeburg. On the 1st of August 1992, we began working in the city which had been named the capital of the German Federal State Saxony-Anhalt shortly before. We recognised the high degree of potential that Magdeburg and the region had to offer – an exciting task for a company that had been passionately dedicated to property since 1910. In the first few years, restoration and restructuring projects were the main focus. An example of this is that properties had to be converted from nationally owned companies into new ownership structures and new uses. At the same time, considerable renovation efforts had to be undertaken in which we had an important function as a property consultant. Today, the properties market in Magdeburg is shaped by an office market which primarily receives stimulus from public administration as well as science and research institutes. Furthermore, brokering in the retail sector also play an important role for AENGEVELT in Magdeburg.