Dresden Is Worth It

Dresden is worth it Facts·Figures·Background about the property location 2017 Population development and prognosis Dresden (Source: City of Dresden municipal statistics archives) 600 Population in thousands Prognosis 582 300 575 573 000 561 600 553 000 550 542 289

525 512 702 504 795 500

477 807 475

450 1998 2000 2002 2004 2006 2008 2010 2015 2016 2020 2025 2030

Overview of Dresden property market

Property market Offices and retail property Residential property Overall turnover for Dresden Office space turnover: 78,000 m² Turnover residential and part-residential property: €667 million property market: €2,1 bn Prime office rents: 12 €/m² Turnover single family homes and double-family houses: €125 million Number of properties changing Prime retail rents: 110 €/m² Residential and part-residential property: turnover €664 million hands in all: 6 100 Rents without service costs: 3,50 to 8,50 €/m² *

Source: Evaluation Committee Dresden, 2017 * rent index Dresden 2017

Contents 1 Greetings from the Lord Mayor Links dresden.de/exporeal 2 – 3 Dresden is worth it dresden.de/invest Facts.Figures.Background about the property location 2017 dresden.de/wohnen 4 – 5 Dresden – Desirable dresden.de/verkehr 6 – 7 Dresden – Rewarding sib.sachsen.de 8 – 9 Dresden – Worthwhile zfm.sachsen.de 10 – 11 Dresden – Worth knowing 12 – 13 Dresden – Liveable 14 – 15 Dresden – Lovable 16 Dresden – Homely Supplement Current real-estate projects in the city of Dresden

On the way to the city of the future Dresden

Dirk Hilbert, Lord Mayor Dirk Hilbert

Dresden is continuing to write its own success story. The tobacco record levels. Thanks to the strong influx of people, the demand for tion for the title of „European Capital of Culture 2025“ is already en- company Philip Morris, which has been based in Dresden for more residential and working space is constantly growing. riching social and civic development. than 25 years, is building a new high-tech factory for about 300 million Euro. The chip manufacturer Globalfoundries is investing 1.5 bil- Dresden can already offer good infrastructure and a beautiful living Positive economic development, sustained population growth and lion Euro in the location. And the technology group Bosch is putting environment. Nevertheless, we want to make living in our city even rising purchasing power make the city attractive for investors. To one billion Euro into a new semi-conductor factory in Dresden, the more enjoyable. For us, a Smart City means not only mobility, cli- enable growth to continue in the future, we are developing new largest single investment in the company’s history. mate protection and energy efficiency, but also future-oriented commercial areas. For example, the science location Dresden East housing construction. We make sure that all areas are looked after. In ad- is being developed on grounds covering 100 hectares. Close to the The city is growing, the economy is booming, science and research dition to owner-occupied apartments and high-priced new buildings, city centre, this will be an innovation centre for scientific institutes, are excellent, art and culture are providing an important stimulus. we also need social housing. With one eye on the future, we there- technology companies and research-oriented service providers. The unemployment rate is at its lowest level and new jobs are conti- fore pay attention to a sensible use of available land in the city cen- nuously being created. The „Prognosis Future Atlas 2016“ confirms tre. An excellent example is the Lingnerstadt project. A completely I invite you to explore the innovative business and science sectors, as that Dresden displays very high dynamism in its overall develop- new urban district is being created right in the heart of Dresden. well as the dynamic real estate market. Feel the special atmosphere ment. This is due not only to the establishment of large companies, permeating life and work – in the pages of this brochure and also but also to the many investments in science, research and culture, as We want to shape the future of our city together and develop a new gladly on the spot in Dresden. well as in the building of schools and day care facilities for children. city culture. The aim is to design a holistic and sustainable vision for Dresden in cooperation with citizens, science, local politics, business The number of inhabitants is heading towards the 600,000 mark. and administration. This is to be implemented within the framework The housing industry is flourishing. In 2016, 2,600 new apartments of the competition sponsored by the Federal Research Ministry, were built, 1,000 more than in the previous year. About 20,000 addi- „City of the Future 2030+“, on the basis of specific projects. Dresden tional apartments are expected to be needed by 2030. Rents are in- is a cultural city. And culture also means engaging with each other Dirk Hilbert creasing. The sale of real estate and residential property is reaching in dialogue and jointly shaping life together in the city. Our applica- Lord Mayor of the City of Dresden Dresden is worth it Development of the number of the working population at the place of work Facts·Figures·Background Source: Saxon Statistical Office, 2016 about the property location 2017 Working population

284 600 303 300 308 400 319 400 328 000 Mio

2005 2008 2011 2014 2030*

* Prognosis Urban Planning Authority - own estimates, 2016

Price comparison individual residential construction Source: Evaluation Committee Dresden, 2017

Semi-detached house + terraced house New building

Single-family homes Location €K €/m2 Average purchase price Purchase price range Detached Good 525 2 715 – 4 100 Mid-range 475 2 625 – 4 075 Semi-detached All 390 2 615 – 3 240 End-terrace house All 355 2 295 – 2 890 Mid-terrace house All 335 2 130 – 2 870

Semi-detached house + terraced house Portfolio before 2015

Single-familiy homes Location €K €/m2 Average purchase price Purchase price range Detached Very good 455 1 675 – 5 385 Good 340 745 – 4 755 Mid-range 255 320 – 3 590 Semi-detached Good 275 1 300 – 5 540 Mid-range 230 1 100 – 3 350 End-terrace house Good 270 1 915 – 2 940 Mid-range 250 845 – 2 765 Mid-terrace house Good 265 1 755 – 4 445 Mid-range 195 795 – 3 000

2 Sales development of undeveloped properties ready for construction Medium property prices Source: Evaluation Committee Dresden, 2017 Source: Evaluation Committee Dresden, 2017

Properties undeveloped ready for construction for single-family homes

588 529 485 403 385 304 Purchase

91 75 147 107 182 104 million –– 138 150 148 169 192 228 per m2 2011 2012 2013 2014 2015 2016 2011 2012 2013 2014 2015 2016

Sales development with residential property Source: Evaluation Committee Dresden, 2017

Residential property for apartment-blocks

4 312 3 545 3 269 3 998 3 777 4 068 Purchase

418 449 434 552 601 634 million 236 293 249 298 318 396 per m2

2011 2012 2013 2014 2015 2016 2011 2012 2013 2014 2015 2016

Purchase prices for living spaces at first sale Source: Evaluation Committee Dresden, 2017

Period building New build renovated for industry

3 285 2 950 3 415 3 850 3 820 3 045 Ave. per m2 111 95 111 102 92 98 per m2 Location good mid-range basic Location good mid-range basic 2011 2012 2013 2014 2015 2016

3 Dresden – Desirable

Freiberger Platz after its refurbishment Joint building venture Menageriegärten

Dresden promises a lot – More inhabitants Land and residential property Dresden keeps a lot bring dynamism are in demand

An exciting property market has emerged in Dresden because the The dynamism in all sectors of the real estate market is growing in pa- With a total of 2.1 billion Euro, the turnover of land and residential demand for residential and working areas is constantly increasing. rallel with the increase in the number of inhabitants and households properties was even higher than in the boom year of 2006 with 1.74 The state capital provides diverse employment opportunities in all in Dresden. The gross domestic product is continuously rising. The billion Euro. That is the best result of the millennium. Because there sectors – from science to industry, from culture to tourism, and also „Prognosis Future Atlas 2016”* confirms that Dresden demon- is no sure alternative to residential property as an investment mod- in politics and administration as the location of the Saxon minis- strates a very high level of dynamism in its overall development. el. In 2016, the financial turnover in residential and part-ownership tries. The chances for graduates to find secure employment here According to a current study by the business consultancy compa- properties rose for the seventh time in a row. With 664 million Euro are excellent. The increasing attractiveness of the city centre and of ny „Ernst & Young”**, which surveyed Germany’s largest banks, (2015: 558 million Euro), it is the highest value so far. About 125 housing supply, of innovation and knowledge transfer from the uni- funds and housing associations, Dresden has advanced to place four million Euro (2015: 114 million Euro) was spent on single-family and versity, as well as from other scientific establishments and institu- within the top 7 locations. Berlin remains the favourite as a location double-family houses. The rising demand has meant that even in tions in the private sector, continue to generate an influx of people for residential properties. The unemployment rate in Dresden is at the city centre previously unused land is undergoing development, and a good atmosphere for starting families. an all-time low and new jobs are being created every year. including the Lingnerstadt at the Grosser Garten, the Herzogin Gar- ten at the Zwinger, Postplatz and Wallstrasse.

Sources for figures quoted:Evaluation Committee Dresden, 2017 * „Future Atlas“ Prognos AG 2 ** Ernst & Young Trend barometer Immobilien-Investmentmarkt Deutschland *** rent index Dresden 2017

4 „The remarkable thing about Dresden is the understated link between the historical and the modern. To quote the words of Johann Winkelmann ‘Dresden – beauty was invented here’, visitors are always fascinated at how space and landscape combine our large city with the natural riverbanks, the meadows and the woods. Princely elegance, scientific activity, modern buildings and the Elbe, with its tranquillity and strength, create an atmosphere of lightness, creativity and freedom. This is the mix on which sustainable, continuous and healthy growth for our city rests and which also promises attractive real estate opportunities for the future.“ Karl-Heinz Weiss, Chairman of the IVD (German Rela Estate Association) - Region East-Central e. V.

Housing rents have increased Office space is becoming scarcer 30 percent of the daily expenditure of tourists flows into the retail sector. The sales area in the city centre covers about 220,000 m². Anybody who has taken advantage of the opportunity to build With 78,000 m² of leased office space, the result of 2015 under- A moderate growth is expected as a result of current projects. or to acquire residential property in Dresden has made a profit- achieved by 14 per cent. By means of effective market activity in able investment. As a result of upward demand, it is not only in the the sales-relevant sectors, it was possible to reduce the vacancy rate prime locations that rents have increased. At the same time, the even further. apartment vacancy rate has declined steadily. At the moment, it is at At the end of 2016, the vacancy rate was at 8.8 percent. The top of- 6.4 percent. Certain residential areas are in such strong demand fice rent dropped slightly to twelve Euro per m². This means that, in that hardly any free apartments are available there. There are still terms of the national comparison of metropolitan centres, offices in some free apartments available in the large housing estates on the Dresden remain relatively reasonable and attractive for companies outskirts of the city. The offer has also diminished here, as the own- wishing to relocate. Moreover, the demand by investors for new of- ers have invested in modern comfort, needs-based dismantling or fice properties is an area of focus. conversion and an attractive environment. Depending on the location, an apartment can be rented in Dresden for a minimum of 3.50 Euro per m² up to a maximum of 8.50 Euro per m²***. Major Top retail location investors, pension funds and insurance companies have recognised the favourable conditions in Dresden and have intensified their buil- A similar picture can be seen in the retail sector. In 2016, the top ding activities. On the basis of the growth prognosis of the popula- retail rent was at 110 Euro per m². In comparison with other metro- tion trend, many new apartments will be needed every year in the politan areas in Germany, Dresden is a leader in terms of purchasing future. The city of Dresden is constantly developing solutions as to power and centrality indicators. This is a guarantee for high and how these complex requirements can be met. constantly growing top rents. Dresden is therefore still one of the most interesting retail locations and remains in the sights ofthe expansion developers from many brand name companies. Almost

Reconstructed theatre ruins St. Pauli „Dresden is Europe’s largest microelectronic cluster and one Dresden – of the most innovative ICT clusters in the world. Our strong hardware skills are supplemented by enormous expertise in Rewarding the areas of software and mobile communications. The smart systems hub provides the basis technologies with which we can supply industry-specific solutions for the Internet of Things from Dresden. Dresden is booming as an industrial location. Companies such as Samsung, Bosch, Global Foundries and Volkswagen are investing in Dresden, expanding their facto- ries or building new ones. At the same time, we are developing new commercial premises in order to continue enabling innovation and growth. Dresden therefore offers optimum conditions for locating and investments.“ Dr. Robert Franke, Director of the Office for Economic Development Dresden

The great investments in the economy and the real estate market in which supplement the contents of the research program and take Dresden, which began shortly after the Reunification of Germany in into account the special capabilities of the colleges in this field. All 1990, appeared to have been over for some time. Today, a new sec- the results will be collected in a central pool. About 2,000 scientists ond wave is quite clearly in evidence here. In the majority of cases, will be working together on this program. it can be seen in the significant investments in Dresden as a location for microelectronics, research and university. Bosch and Philip Morris are coming „Research Factory Microelectronics The technology concern Bosch will be investing no less than a billion Germany“ Euro in a new factory for semi-conductor technology in Dresden. In close cooperation with the locally and regionally based semi-con- The new investment program of the Federal Ministry for Education ductor companies and suppliers, Germany and Europe as a location and Research is called „Research Factory Microelectronics Germa- will thereby be strengthened on the international stage far beyond ny“. In order to acquire more weight internationally as a micro- Dresden. electronics location, Germany is pooling its research capabilities and investing a total of 400 million Euro. This is the largest sum for The city has been known for excellent tobacco manufacturing for research in the field of microelectronics since Reunification. Of this, more than one hundred years. Now, Philip Morris is going to estab- more than 100 million Euro of the future-oriented program is going lish a new high-tech factory here with an investment volume of to four participating Fraunhofer Institutes in Saxony. 290 million Euro, thereby creating many new jobs. The broad mix of sectors, as well as the technological and scientific skills, were decid- In the first phase, a total of 13 non-university research institutes ing to locate here. will be equipped with the most up-to-date devices and equipment. For this, they will receive 350 million Euro. From 2018 onwards, a further 50 million Euro will be diverted into those investments

6 Planning for the National Centre for Tumour Diseases in Dresden Johannstadt Heliatek: equipment for the manufacture of solar foils

Globalfoundries is expanding its location in NXP, SATM, SAP, ABB, Volvo, Ericsson and leading research institutes The Science Centre in Johannstadt Dresden with 1.5 billion Euro such as the Karlsruhe Institute for Technology and the Fraunhofer is growing Gesellschaft Dresden are also involved in this project. The partners are jointly developing a user platform across value chains and sec- The current expansion of the capacities of Globalfoundries, which has tors, which supports the digital networking of companies, machines Numerous institutes with various research priorities all focussing on today about 3,400 employees in Dresden, is aimed at increasing its pro- and products. The project „Productive 4.0“ is part of the European human health are concentrated in the Dresden district of Johann- duction capacity by 40 percent to about one million wafers per year. subsidy program ECSEL and will last until April 2020. stadt, in the immediate vicinity of the Carl Gustav Carus Univer- The intention is to successfully position the innovative power-saving sity Hospital. The new Centre for Systems Biology of the Max Planck technology „22FDX“ in the world market. This technology is used prin- Society in Dresden was opened this year at the end of May. In a cipally in the areas of the Internet of Things, the automotive industry Samsung SOI is investing 25 million light-flooded cube, about 100 international geneticists, biologists, and mobile communications. At the same time, Dresden has received physicists and other researchers are trying to explore exactly what approval for the production of the next technology level, „12FDX“, so- Samsung SOI, as the parent company of the Dresden OLED manu- is happening in the world of covalent bonds. The new building has mething that will bring further investments to the region. facturer Novaled, is investing about 25 million Euro in a new techni- seen investment of 26 million Euro. cal centre in Dresden. On a piece of land one hectare in size in the north of Dresden, the Alte Mühle – which is a listed building – will be By 2019, a building for the National Centre for Tumour Diseases Infineon is starting the research project refurbished and converted into an attractive office complex by the (NCT) will have been built directly on the campus of the Carl Gustav middle of 2018. Additionally, a new 110-meter long technical centre Carus University Hospital of the Technical University Dresden be- „Productive 4.0“ with a state-of-the-art research area, clean rooms and laboratories tween the Medical Clinic I and the Diagnostic-Internal-Neurological will be built. On an area of about 6,000 square meters, materials for Centre buildings. On four floors of the research building, which cost „Productive 4.0“ is regarded as the largest European research initia- premium OLEDs and organic electronics will be developed here in 22 million Euro, about 200 scientists and doctors will be working tive in the area of Industry 4.0 to date. Under the coordination of In- the future – something that has happened so far only in Dresden. on the development of innovative therapies against cancer and on fineon Technologies AG, more than 100 partners from 19 European This means that Dresden expertise can be found in most smart- ways to make them usable for the general public. countries are working on the digitalisation and networking of the phones and tablets. industry. Partner companies such as BMW, Bosch, Philips, Thales,

Production at Infineon: Amor 3 Robot 7 Dresden – Worthwhile

Visualisation of the City Tram 2020 along Zellescher Weg

The whole is more than the sum ing for the title of „European Capital of Culture 2025“. A new cultural Dresden wants to become a city of its parts centre for the city is located in the „Kraftwerk Mitte“. After extensive re- of the future furbishment of this impressive industrial landmark, the two city cultural institutions of the Staatsoperette and the tjg. theater junge generation, Preparing a city such as Dresden for its future means considering as well as many other organisations in the creative industries, have al- Within the framework of the project „City of the Future 2030+”, all aspects and coordinating their development with one another. ready found a new domain here. More will follow. With the re-opening Dresden is developing a vision of life from 2030 onwards. The proj- Within the framework of the so-called Integrated City Development of the refurbished Kulturpalast, Dresden completed two large cultural ect was set up by the Federal Ministry for Education and Research. Plan (INSEK), Dresden has done just that. This stipulates the subject and construction projects within half a year – on time and without any Dresden applied and, in addition to 50 other cities, received a sub- areas and how and in which timeframe the city will be developed. explosion of costs. sidy for the first phase in 2015/16, with the aim of gathering diverse ideas for the development of the collaborative vision. In the current The upgrading of infrastructure and the ongoing provision of new second phase, „Open City”, concrete plans for these ideas are being commercial development areas is a part of this. Dresden is excep- worked out within diverse project groups, which will then be imple- tionally successful as an academic and scientific location. Afocal mented in a third step. In collaboration with citizens, the scientific point here is on targeted investments in the campus of the Technical community, local politics, the city authorities and business interests, University Dresden as well as in the Science Centre East in Dresden- sustainable solutions are being sought to climate adaptation, the Reick. Needs-oriented and sustainable housing, an attractive resi- energy revolution, secure jobs, affordable housing, sustainable mo- dential environment, environmental friendliness and an effective bility, immigration and demographic change. The prerequisites for infrastructure network ensure that all the inhabitants of Dresden this are already there – a good climate for start-ups and spin-offs, feel happy and comfortable in their own city. On the topic of re- excellent infrastructure, and an appealing property market. Dresden source protection, the INSEK specifies measures for flood control displays a unique combination of entrepreneurial spirit and employ- and for the implementation of energy and climate targets in Dres- ment, trade, art and culture, as well as proximity to nature. This is den. what accounts for its high quality of life. In this cosmopolitan city, on the banks of the Elbe river, among cultural monuments and a Not least, Dresden is a city of culture. For this reason, Dresden is contend- vibrant lifestyle, you can simply breathe more freely. Kraftwerk Mitte

8 „Dresden already has an excellent infrastructure with regard to logistics and mobility. At the Dresdner Ver- kehrsbetriebe (Dresden Public Transport Company), and in cooperation with the science community and the city authorities, we take care of intelligent traffic light signals as well as environmentally friendly, innovative traffic for future generations. And always, of course, of customer-friendly and attractive connections with our buses and trams. Good for the people of Dresden, tourists, business people and investors.“ Lars Seiffert, Dresdner Verkehrsbetriebe AG - Board of Operations and Personnel Framework plan of the Science Centre Dresden East in Dresden-Reick

Smart City Dresden Well connected – City Tram concept 2020 Science Centre Dresden East

The integration of communication and information technology – as Anybody who wants a city to experience positive development in A new innovation location, in the immediate vicinity of the Dresden well as other technologies – for the support of urban organisation all its aspects has to ensure that people can travel quickly and reli- Fraunhofer Institute Centre on Winterbergstrasse and near to the and development lies at the very core of transforming Dresden into ably from one place to another. The Dresdner Verkehrsbetriebe are city centre, will be built on grounds covering an area of about 100 a smart city. Good networking is the prerequisite for the positive receiving top marks for their services even now. For example, city hectares. A sustainable and high-quality site for science, research development of the location and pays dividends in the form of a buses and trams run around the clock. Some routes need to be ex- and science-related businesses will be created here with the aim high quality of life. Actors in the field of microelectronics are im- panded, since demand has increased in these areas in recent years. of working in a manner that is highly energy-efficient and resource- portant partners in this regard. For example, the operative traffic In the near future, new rapid tram lines will be constructed in place conserving. The specific intent is to have scientific institutes, tech- management system VAMOS has already been initiated. This sys- of the existing bus routes between the districts of Löbtau, Südvor- nology-savvy companies and research-oriented service providers lo- tem connects the traffic detectors available in the region as well stadt and Strehlen. In future, it will be easier to travel to important cate here from 2018 onwards. Moreover, areas will be available for as the various traffic control and traffic guidance systems of both destinations such as the TU Dresden. The extension of Strehlen Sta- pilot projects and start-ups. Existing social facilities will remain and, the urban road network and the motorways. The core of the sys- tion will mean a better connection between suburban trains and along with planned green spaces, will complement the range of the tem is Dresden’s Traffic Data Centre, which is located in the TU trams. Reliable trams instead of buses – that is also an investment potential uses for the area. The Science Centre Dresden East is one Dresden. On the one hand, the VAMOS system manages various in greater environmental friendliness. In parallel with these plans, of the pilot projects for the smart city Dresden. traffic control systems fully automatically on the basis of the report- the footpath and bicycle network in Dresden will be expanded. ed traffic situation. On the other, as a content provider, VAMOS supplies information for information and assistance services. In addition, the crowd-based road condition assessment service CyFace, secure communication via DE-Mail, smart parking, and the formulation of solutions for driverless cars are also on the agenda.

9 Dresden – Worth knowing

„Dresden provides a lot of room for excellent development in studies, science and business. You can live innovations here and play a part in shaping the future of the city.“ Prof. Hans Müller-Steinhagen, Rector of the TU Dresden

University of Excellence with a long tradition sectioned units, will be then available to the start-up teams on five floors covering 6,500 square meters. The first tenants will be able to About 36,000 predominantly young people from all over the world move in beginning in April 2018. study at the TU Dresden, supervised by some 525 professors. It is one of Germany’s eleven Universities of Excellence. With a long tradition as a top university, it is rooted in a region which has been Focus on campus development attracting the best and producing leading figures for centuries. The TU Dresden participates in both lines of funding – with cluster appli- The developments for the area around the TU Dresden in the Süd- cations and for the title of University of Excellence. In this regard, it vorstadt district of Dresden will be presented in the so-called „Cam- counts on its strengths and the attractiveness of the region of Dres- pus Framework Plan“ under the title „Südvorstadt Dresden – Edu- den – quality, interdisciplinarity, holism and interaction. Hardly any cation and City in Dialogue“. The contents include new buildings on other German university can boast of such a comprehensive range the “technology mile“ of Nöthnitzer Strasse and extensive projects of opportunities for study and research as the TU Dresden: engineer- for student accommodation. In addition to the plans, heavy investing, mathematics and the sciences, humanities and medicine – every- ment is already being made. 35 million Euro will be poured into the thing on one single campus. The title of University of Excellence is modernisation of the Barkhausen Building by 2018. The new buil- strongly connected with the structural renovation and extension of ding for the Institute for Applied Photophysics is taking shape on the campus in the Südvorstadt district of Dresden. Nöthnitzer Strasse and new student accommodation is being built on Reichenbachstrasse. The program „City Tram 2020“ is concerned The Free State of Saxony will invest about 50 million Euro in up- with optimising the accessibility of university facilities using public grading the facilities of the TU Dresden until the end of 2017.A transport. long-established, former factory site on Zwickauer Strasse – the „Universelle Werke” – is being rebuilt and converted into a innovation centre with a technical centre for, among others, the indus- Science is international trial partners of the Institute for Air and Cooling Technology (ILK) of the TU Dresden, as well as into a start-up centre for spin-offs. Both Internationality in thought and action is crucial for TU Dresden in large areas, which have an industrial loft character, as well as small- the worldwide competition for students and scientists. It sees main-

10 Dresden – Worth knowing

Framework plan of the TU Dresden

taining teaching and research at the highest international level and Partner for the network between its further development as an important task for the future. The aim research and industry of the internationalization strategy „TU Dresden – Connected with the World“ is to further promote this development. The DRESDEN-concept is an expression of special networking. The TU Dresden association, with its strong partners from science and A unique density and variety of science, culture, is about making the excellence of Dresden‘s research visible. The partners in DRESDEN-concept develop and use synergies research and institutes between research, education, infrastructure and administration. They coordinate their scientific strategy and identify the areas in Whether Max Planck, Helmholtz or Leibniz – the major institutes which Dresden is a world leader. Together, they are developing a are all present in Dresden with several facilities. Moreover, Dresden strategy to gain the world‘s leading scientists for Dresden. contains the most Fraunhofer Institutes of any city in Germany. It is the research institutes, in particular, which are driving forward -ur ban development with numerous new construction projects. For ex- Infrastructure that promotes cooperation ample, a new Centre for Systems Biology Dresden of the Max Planck Society was built in the Dresden district of Johannstadt. The Fraun- Another reason that makes Dresden attractive as a science location hofer Institute Centre in Dresden-Gruna has recently opened the is that the university, colleges, research institutes and research com- Reset department of the institute. A journey along the „technology panies are distributed all over the city and are nevertheless easily mile“ on Nöthnitzer Strasse on the TU Dresden campus shows that reachable. Short routes via a very good infrastructure simplify ex- investment has also been made in the modern and architecturally change and cooperation. successful construction „shell“.

Students of the TU Dresden on seating elements made of carbon concrete 11 Dresden – Liveable

Children and their parents feel happy in Dresden Beer garden at the Blue Wonder Bridge

Growth as a result of influx In order to meet the high demand for affordable rented apartments, use the efficient infrastructure of the public transport system at all and high birth rate the city is currently looking at various models, including the estab- times, perhaps even to have an apartment with a view of the Elbe riv- lishment of a new municipal housing association. An enterprise of erbanks – this is possible in Dresden and, in comparison with other this sort can be based on the Saxon „Support for the Creation of large cities in Germany, is also quite affordable. A completely new It’s a simple calculation – more people in the city means greater Rent-controlled and Occupancy-controlled Housing“. The support district – the Lingnerstadt – is going to be built right in the heart of demand for suitable housing. For some years now, Dresden has re- program is also available to other developers who might wish to the city in the next few years. A large variety of apartments, leisure corded a growing influx of people – about 5,800 inhabitants per year create low-cost housing in Dresden. If interested, the offices of the facilities and commercial premises (see page 16) will be built be- – and a birth rate which ranks top in terms of the national average. city administration will be glad to help. tween the German Hygiene Museum and St. Petersburger Strasse. At the end of 2016, 553,000 people were living in Dresden – that is 17 percent more than 17 years ago. By 2030, it is expected to be about 582,000. The attractiveness of the city, the diverse study and More than the highlights Quiet, green and easily reachable employment opportunities and the high quality of housing have become well known. Dresden is expecting stable growth in the future. The first thing anybody who comes to Dresden will certainly do is visit Anybody who prefers peace and quiet has a lot to choose from. Wheth- the famous sights in the city centre, stroll among the Baroque buil- er in Striesen or Blasewitz, in Löbtau or in Südvorstadt – smaller dings, the Semperoper and the Frauenkirche, go for a walk through residential units in casual development convey an individual, warm Housing construction is a constant attraction the Zwinger, across the Altmarkt Old Market Square or down Prager residential feeling right in the heart of the city. Dresden‘s many river Strasse, admire the paddle steamers lying at anchor and the broad slopes are particularly beautiful, stretching from Loschwitz, which The investors were not long in coming. They recognised the trend banks of the Elbe River from Brühl’s Terrace. A second glance will overlooks the Blue Wonder bridge, to Weisser Hirsch with its won- and started building in Dresden. A total of 2,597 apartments in reveal Dresden‘s very special treasure – its beautiful residential areas. derful villas and to Plauen near the university. 2016 alone! Which is five times more than in 2010. This led to a corresponding decrease in vacancy rates and a rise in housing rents. Who will not be enthralled by a view of the city from the living-room By 2030, it is expected that Dresden will need about 20,000 addi- Residential areas you can fall in love with balcony? You need only go for a walk around the popular district of tional apartments. The housing cooperatives are another important Striesen to come across a large number of new construction projects, player. They manage about 20 percent of the properties in Dresden The optimum living conditions can be found right in the city cen- mostly for exclusive living right in the heart of this villa quarter. For and are themselves heavily involved in modernisation and the con- tre, around the Altmarkt, for example. Being able to go everywhere example, about 200 new apartments with a total of 16,400 square struction of new buildings. on foot, to walk home in the evening after attending a concert, to meters of residential area, parking spaces and attractive outdoor fa-

12 „The building culture of a city is measured not only by prestige projects but also by its ‘everyday architecture’, the buildings in which the inhabitants live and work. Dresden has a long tradition in this area, something that should be recalled now in times of growth. I hope that the debate will engage the whole city and lead to new standards in housing construction that will provide answers to the current needs and challenges of our society.“ Prof. Angela Mensing de Jong, Chair of Design and Town Planning Garden city of Hellerau: terraced houses at Dresden University of Applied Sciences (HTW) cilities will be built on Schandauer Strasse in the heart of Striesen by relax in a café or a beer garden with a view of the river Elbe. Sport and leisure the beginning of 2019. Pedestrians and cyclists use the Elbe cycle path, stretching from the In their leisure time, the people of Dresden can avail of a wide range harbour through the city centre to Pillnitz Castle. Both locals and of sports grounds and sports facilities, including, for example, the Between the banks of the Elbe and vineyards visitors to the city travel to the hills of Loschwitz and Wachwitz using recently built grounds in the Ostragehege, of art and culture, of the the funicular or suspension railways, unique monuments of the art most varied trade fairs, or of day-trips to the Grosser Garten and to From rustic half-timbered houses to elegant villas, Dresden has a of engineering. This is where the first vineyards in one of the north- the Elbe river meadows. wide range of residential opportunities. Historically, Dresden is ernmost wine-growing regions in Germany begin. the result of a merger of many small villages into a city. The for- Last but not least, the diverse regions around Dresden deserve to be mer village centres are still visible almost everywhere and con- explored. Whether Saxon Switzerland or the Ore Mountains, Upper vey a very special charm, for example, the district of Strehlen Lusatia or the Tharandt Forest, nearby towns and idyllic villages – it with its Wasaplatz. The area around the Blue Wonder bridge is would take a lifetime to explore these endless treasures. extremely lively and popular. People work here, go shopping,

Elbe cycle path at Pillnitz Dresden Striezel Market Elbe Sandstone Mountains

13 „With the old-new ‘Kulti’ – as the people of Dresden – Dresden affectionately call it – the state capital is getting back its cultural focal point. That the music city of Dresden thereby has for the first time an Loveable internationally competitive concert hall and the Dresden Philharmonic finally has a home of its own and that we are united with the city central library here under one roof fills me with pride and joy. As an artistic director, as a citizen of Dresden and as the mother of three children, I am delighted that the city has made an impressive commitment to education and culture in a central location – cosmopolitan and future-oriented!“ Frauke Roth, Artistic Director of the Dresden Philharmonic

A good attitude to life Shopping for all tastes meters of retail space per inhabitant. According to INSEK, there are two important initiatives for the future. On the one hand, this is the The cities of the future are concerned not only to have new busi- From Wiener Platz to Prager Strasse and to the Altmarkt, further targeted further development of the offers in the city centre. On the nesses opening in their centres but also to have people living there. on to the Neumarkt and then over the Elbe river into the beautiful other hand, all eleven central urban districts and the 24 suburban This is the conclusion of the first stage of the project „Future City Baroque quarter with its designer stores, across Hauptstrasse and centres should also be further developed for local supply. Of impor- Dresden 2030+“, which is now in phase two. The citizens and their to the trendy shops of the Äussere Neustadt – Dresden offers you tant interest here is to maintain the growing, small-scale commer- visions for the future are in demand here. excellent opportunities for shopping. International brands alternate cial structures. with regional suppliers. And there are plenty of pleasant spots along the way where you can take a rest and recharge your batteries. In the meantime, investors are increasingly concentrating with new The romance of a river Pleasure in the city centre shopping centres on the city districts, thereby bringing a greater quality of life to the whole city, something that is also a goal of the The special highlight for all visitors is Brühl‘s Terrace. With a view The hustle and bustle around the Frauenkirche shows that the inhab- Integrated City Development Concept INSEK. For example, large- of the ships and the old paddle steamboats of the world‘s largest itants of Dresden enjoy their city. It is not only the many tourists who scale new shopping facilities have been built at Strassburger Platz, steamship fleet of the Sächsische Dampfschifffahrt, which anchor occupy the outdoor seats in the cafés and restaurants overlooking opposite the Volkswagen Glass Factory. on the bank of the Elbe, the route leads to one of Dresden‘s most the church and the Luther monument. The Dresdeners themselves striking buildings – the Dresden Synagogue. In the summer months, are only too happy to invite their guests to this recently refurbished the Elbe ships and steamers make daily trips to destinations such square, which is still undergoing continuous modification. On your From native to international as Meissen or Pillnitz Castle. On the Neustadt side of the river, you way to the Old Town, you will pass the Kulturpalast. The Dresden will soon be able to cross over the Augustus bridge without traffic. Philharmonic has found a wonderful old-new venue here. The citi- Relative to the number of its inhabitants, Dresden has a high propor- And it is worthwhile also paying a visit to the historical inn here, the zens of the city and their guests can enjoy the excellent acoustics in tion of retail space. The city is an internationally renowned shopping „Narrenhäusel“, which is to be rebuilt in the very near future. This the hall of the Kulturpalast, which has been restored partially on the destination. From the big brand names to specific retail stores, a would make the Königsufer complete once again and would enrich basis of historical precedents, and partially with cutting-edge interi- great diversity of outlets can be found in Dresden. The retail spaces it with an attraction which its visitors have long missed. ors. The municipal libraries and the cabaret „Die Herkuleskeule“ are have evolved correspondingly in recent years. At the end of 2016, also located here, which means that the building is used much more Dresden had 935,000 square meters of retail space, 217,000 square intensively than before. meters of them in the city centre. This corresponds to 1.7 square

14 Festspielhaus Hellerau Foyer of the Kraftwerk Mitte

Between Baroque and the fashionable scene tras, die Dresden Philharmonic and the Sächsische Staatskapelle. this location and is making it ever more attractive for its guests. The Hellerau Festspielhaus, located on the outskirts of the city, is The city on the Elbe, with its broad, green banks, can boast of Ba- an exciting part of the cultural scene. With its history as the cradle roque at its best. With the Japanese Palace, the Golden Rider, of modern dance, then later as a barracks for the Soviet Army, and Enriching variety and the Hauptstrasse and Königstrasse streetscape, the Baroque today as German‘s exceptional stage for the world‘s finest dance architecture has been preserved, some of it still forming a unity. companies, the imposing building stands in its own unique way for People from all over the world are active in the Dresden institutes, in Shopping, eating well and strolling along the Königstrasse is a very Dresden‘s history, encompassing former elegance, destruction and the Palucca Schule, in the orchestras, in the universities and colleges special pleasure. Anybody who wants to experience the trendier side new life. With its application for the European Capital of Culture and in the sports clubs, and are an enrichment for Dresden. More of things can take a walk past the city‘s two most famous fountains, 2025, Dresden wants to underline its uniqueness yet again. In which than 44,000 students from 122 countries bring an inter-cultural the „Stormy Waves“ and the „Calm Waters“, right into the Dresden other European city can be found such a diversity of art and culture, stimulus and exciting life to the city. Neustadt. With a bustling lifestyle both day and night, alternative thriving business and trade, tourism and science, as well as stunning stores, an exciting small art scene, cafés and bars of all kinds coexist natural landscapes and a genuine quality of life? right in the middle of this youthful district. Interesting for people from neighbouring Full of power for culture countries Culture with all aspects In recent years, the former municipal power station has been con- As a city of art and culture, as a centre of research and a congress At every time of the year, Dresdeners and visitors to the city can verted into Dresden’s new cultural centre. It borders the suburb location, as well as an economic and trade metropolis, Dresden is participate in a variety of cultural events. From the Movie Nights by of Friedrichstadt, thereby making this district more interesting as interesting for people from all over the world. The number of inter- the river Elbe, the City Festival and the Elbhangfest in summer to the an area in which to live. The modern rooms and the central loca- national guests who come to Dresden as tourists or as participants Dresden Christmas Striezelmarkt in winter with its centuries-old tra- tion are clear arguments. The Staatsoperette Dresden and the in conferences, fairs and congresses is rising annually. With its many ditions, from the Semper Opera House to the Schauspielhaus, from tjg. theater junge generation, as well as many other players in the attractions, the Saxon capital provides a setting for this which is both the Kreuzchor to the State Art Collections, from the large farmers‘ creative industries, now have a new venue right in the heart of the suitable and appealing. market at the German Hygiene Museum to the smaller markets in city centre and the Kraftwerk Mitte is undergoing continuous devel- the suburbs – there is something here to satisfy every cultural tas- opment. And yet another new café is being opened here and a new te. A special feature of Dresden are its two world-famous orches- studio is being occupied there. Each new tenant is helping to shape

15 Dresden – Homely

Kleiner Schloßhof Peter Kulka, architect

Lively Dresden City its destruction in 1945. Located between the Gemäldegalerie in the Armoury is today located in the almost 60-metre-long giant hall in Zwinger and the sculpture collection in the Albertinum Museum on the east wing of the castle. This architectural firm was also respon- A declared goal of Dresden‘s urban planning is to make the city cen- Brühl‘s Terrace, the museum centre of the Dresden State Art Col- sible for the modernisation and the reconstruction of the German tre – even more than previously – a place where a vibrant mix of lections was housed in the castle. The permanent exhibition of the Hygiene Museum in Dresden. living, working and social exchange can take place. Dresden‘s special advantage – open areas are still actually available in the heart of the city for complex developments. So, for example, the area between St. Petersburger Strasse and the German Hygiene Museum, where a whole new city district is currently being developed – the „Lingnerstadt“.

Traces of important architects

In addition to famous architects such as Günter Behnisch, Wolfgang Hänsch and Daniel Libeskind, Peter Kulka has also left his mark on Dresden several times. From 1991 to 1997, he rebuilt the Saxon parliament. The Saxon state parliament meets and works in the modern building on Bernhard-von-Lindenau-Platz. The transparent glass fa- çades and the exposed steel skeleton construction are characteris- tic features of the building. The Saxon parliament was the first new parliament building in the new federal states. From 2004 to today, the architectural firm of Peter Kulka has rebuilt and expanded core parts of the Dresden Residenzschloss, which had been a ruin since Visualisation of the Lingner Altstadtgarten

16 „We don‘t want to create a large-scale residential complex, but rather a lively urban district. For example, this includes streets and squares with references to the Town Hall, to the German Hygiene Museum and also to the Bürgerwiese park. We envisage quiet garden courtyards. Some of the houses will have roof terraces and green roofs. For example, the Carusstrasse should once again have a bend, like it used to. The Zinzendorfstrasse will also be upgraded. The houses will have shops, businesses and offices in the ground floor areas. We want to build recognisable streets with visual connections and create a pleasant sense of urbanity in the city.

The special feature of the Lingnerstadt is, first and foremost, its direct proximity to Dresden‘s city centre. Secondly, there is its location near a comprehensive multi-section park area. This is a great advantage, comparable to having the Kurfürstendamm in front of you and the Baltic Sea behind you. At the same time, the area is so big that it will affect the city.“ View of the Promenadenring

New urban district in the centre of Dresden A special project is the so-called „western Promenaden- Imprint Photographs: Cover: Philharmonie Dresden © Nikolaj Lund ring“. In 2015, a European-wide implementation compe- (Picture was taken on 6th April 2017) The architectural firm of Peter Kulka has currently won the ten- tition was launched for this project, which the Berlin firm Editor: City of Dresden der of the town-planning workshop procedure to design the new plancontext succeeded in winning. A public area with vari- U1 + page 2/3: puder+consortio, Florentine Heim- bucher 1 Michael Schmidt 4 Lothar Sprenger 5 quarter „Lingner Altstadtgarten“ right in the heart of the city. ous features such as water installations, open squares Office of Economic Development Matthias Schumann, Davide Brandt 6 Frank Grätz, Together with other partner firms, buildings for living, working and planted areas along Marienstrasse is being built in Phone +49 351 4 88 87 00 Infineon Technologies AG 7 NCT_wörner traxler Fax +49 351 4 88 87 03 and cultural life are being created. In which large German city several construction phases, inviting Dresdeners and visi- richter planungsgesellschaft mbh, Heliatek GmbH E-mail [email protected] 8 renderwerke, Benjamin Herrmsdorf/Katrin Ste- are projects like this still possible? Dresden has once again been tors to relax after a stroll through the city or sightseeing. phan, 9 DVB AG, Stadtplanungsamt Dresden 10 able to make a virtue out of necessity. After all, the scars of de- „The historical features will be integrated in an unpre- Public Relations Office Frank Johannes, Amac Garbe 11 Stadtplanungs- struction of the Second World War, which are still visible today in tentious way. They are authentic and clearly identifiable, Phone +49 351 4 88 23 90 amt Dresden 12 Sylvio Dittrich, Sven Döring 13 Fax +49 351 4 88 22 38 HTW Dresden, Sylvio Dittrich, Sven Döring, Dres- various parts of the overall cityscape, are being sensitively used to without acting as barriers“, to quote from the minutes of E-mail [email protected] den Marketing GmbH, LHD/Heine 14 Nikolaj Lund enrich the widely known Baroque Dresden with unique modern the jury conference on the design competition, thereby 15 Festspielhaus Hellerau, DMG/Michael Schmidt Post box 12 00 20, 01001 Dresden, Germany 16/U4 IMMOVATION GmbH, Peter Kulka Architek- touches. emphasising a special feature of Dresden – the combina- www.dresden.de tion of the tradition and history of the former Electoral tur GmbH, H.C. Schink, alles Büro plancontext capital with its contemporary design for present and fu- Central government hotline: 115 – We love questions Electronic documents with qualified electronic ture generations. signatures may be submitted through a form. Local recreation around the city centre – In addition there is the possibility to encrypt Text: PR-Quadrat - Anne Pietag, Dresden e-mails to the state capital of Dresden with an western Promenadenring www.pr-quadrat.com S/MIME certificate or to send with DE-mail secure Printing: Union Druckerei Dresden e-mails. More information can be found by visiting www.dresden.de/kontakt. This information is part The high quality of life in Dresden is due to a wide range of in- www.dresden.de/exporeal of public relations of the state capital of Dresden. teresting sights, beautiful residential areas, an extraordinarily It must not be used for electioneering. However, political parties may use it to inform their mem- charming environment, and the many green areas in the city. Despite careful research, we do not accept any bers. Whether in the Grosser Garten, the Dresdner Heide, the large liability for the information in this broschure. and small parks, or on the wide banks of the Elbe, you can find an opportunity to relax and enjoy nature everywhere. September 2017 Dresden – Explore something new

The brochure before you has shown: Dresden is on the move. Dresden is developing. Dresden wants to be discovered.

Dresden can provide convincing arguments in all areas, from construction and living, to business and science, and on to culture and tourism, and offers its inhabitants an excellent quality of life.

Large cultural projects such as the Kraftwerk Mitte or the refurbishment of the Kulturpalast were completed here in a very short time and were enthusi- astically welcomed by the citizens. The cultural diversity which the „Florence on the Elbe“ has to offer is unparalleled worldwide, and needs enthusiastic investors like you for its preservation and further expansion!

The state capital of Dresden welcomes you warmly and will support you diligently in your decision for Dresden.

María Dueñas (violin) and Avi Avital (mandolin) in the concert hall of the Dresden Philharmonic, Kulturpalast