Bochum decides on urban redevelopment with HBB project

27/04/2018

Bochum’s city council has cleared the way for new development of the city center yesterday evening. HBB can now develop the “Viktoria Karree” according to designs by RKW for €150mn. Three buildings of four to seven stories will be built on 10,500 sqm of land between Junggesellenstrasse and ABC-Strasse, with retail, office, and hotel space over a total of 37,000 sqm of lettable space. The city administration will lease 15,000 sqm of office space for 20 years at a premium (for Bochum) net cold price of around €13/sqm. Demolition is scheduled for this year, with completion expected in 2021. HBB is also planning to dismantle the building at Junggesellenstrasse 8 and develop apartments there. In addition, the city has decided to purchase the neighboring Telekom block at Willy-Brandt-Platz/Viktoriastrasse from investor Andor Baltz for the establishment of a library and adult education center as well as a 1,500-sqm market hall and office space. Husemannplatz will also be redesigned. The former BVZ administration building will give way to a residential development.


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