What interested parties now have to consider

Real estate in Stuttgart

So that cold air can be transported into the narrow Stuttgart valley basin, areas on the slopes and on the plateau must remain undeveloped.

(Photo: imago images/Westend61)

Hardly any other decision shows how the real estate situation in Stuttgart is tilting. In April, Energie Baden-Württemberg AG (EnBW) put its large housing project on Stöckach in the east of Stuttgart on hold. A showcase project with 800 apartments and 60,000 square meters of living space was to be built on the former company premises.

The international building exhibition IBA’27 loses one of its outstanding projects. For the time being, Stuttgart has to do without urgently needed living space for 2000 people close to the city centre. The costs for the project, which is estimated to be in the mid three-digit million range, are said to have increased by up to a third.

The fact that the publicly owned, financially strong energy supplier is now shying away from the risk of building is profound. It should become a showcase for sustainable living in the electric age. The market situation does not allow “economic implementation at the moment”, EnBW announced. In addition, the company must focus more on its core business with a view to the energy market, it said.

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