DVI Group can report important milestones in the repositioning of the Erfurt building complex “Forum am Anger”. The two main tenants of the associated office property, DAK-Krankenkasse and HUK-Coburg Versicherungsgruppe, extended their existing leases for 1,100 and 1,300 square metres respectively on a long-term basis. In addition, the preliminary building permit for the property was issued, thus laying a foundation for negotiations with potential additional tenants. The preliminary building permit covers the construction of an office and commercial building with about 11,500 square metres of rental space as well as the conversion of 4,000 square metres of retail space into office space in the existing building.
Karsten Kluge, Managing Director of the DVI Group, comments: “The two long-term lease extensions speak for the building quality as well as the central and excellently connected location in Erfurt’s old town. With the construction of a modern office and commercial building and the restructuring of existing space, we will be able to offer even more attractive spaces within a mixed-use quarter development in the future.”
The building complex, constructed in 2001, is located on Juri-Gagarin-Ring and Hirschlachufer, centrally located in Erfurt’s old town and in close proximity to the main shopping street Anger as well as the main railway station. DVI acquired the Forum, which comprises around 17,000 square metres of commercial space, at the beginning of March 2020. In April 2020, full occupancy of the existing office space was achieved with the letting of 1,100 square metres to the Federal Police. This space was completed on time and occupied by the new tenant in November. The entire site is about 9,200 square metres in size and has an underground car park with 292 parking spaces. By 2025, a sustainable, urban quarter development with a mix of retail, office, gastronomy and entertainment uses is to be created at the site.