Erlangen: Siemens wants to redevelop site for €500mn

13/09/2013

Siemens intends to invest around €500mn to expand and modernize its facilities in Erlangen. By 2030, step by step, a majority of the largely more than 40 year-old buildings on the 54 ha factory site is to be replaced by new properties. A hotel, including apartments for employees from abroad, is also being considered in this context. The conditions for the development of the project are now being examined by means of a feasibility study which is to be presented by the beginning of 2014. Erlangen is currently the largest Siemens location in Germany. The company said that it employs around 25,000 staff members in the city and 46,000 in the region.


TD Premium

Subscribers to our premium service have access to this article in full as well as to an additional 510,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.

TD Premium is Germany’s leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.