Wuppertal: Aurelis sells 11,000 sqm for “Utopiastadt”

17/12/2018

The initiative and company Utopiastadt has bought an 11,000 sqm lot east of the Mirke train station in Wuppertal from Aurelis. Additionally, the parties have agreed on a purchase option for another section of the site measuring roughly 24,700. This transaction is contingent on secure financing. The site is to be home to the national culture and creativity quarter “Utopiastadt Campus Wuppertal“. Plans call for a campus with a combination of co-working space, alternative shop concepts, cultural, art, and social initiatives, and retail space, as well as some apartments.


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.