Future. City. Dresden – Facts, Figures, Background Information On

Future. City. Dresden Facts · Figures · Background information on the property location in 2015

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The flourishing city in eastern Germany

Saxony’s capital city Dresden is a prime example of a successful city: the population is growing, residential construction is booming, rents are rising. What’s more, the city is also on a sound economic footing. A successful model for eastern Germa- ny, illustrating that the Dresden property market is as attractive to investors, project developers and users as ever before. In an exclusive survey for Handelsblatt, residential market analysts at vdpResearch investigated the levels of purchase prices and rents for apartments and houses. As in 2014, Dres- den is one of the most popular residential property locations in Germany. Source: HANDELSBLATT (Trendviertel 2015) 22 June 2015 Innovative solutions for Dresden, city of the future

Dresden is a dynamic, growing city at the heart A dynamic business location, an excel- tinue to make the city an attractive location of Europe, a source of knowledge and creativ- lent city of science, an attractive property for investors. ity, and the driver of economic and social de- location and a great environment for families: From commercial or residential proper- velopment for the entire region – a high-tech that is how the Saxon city on the Elbe put ties to interesting office locations or proper- location with a high standard of living. itself forward at EXPO REAL 2015. We have a ty services, Dresden has lots to offer in every Professionals and scientists from all over vision for the city of the future: Dresden area. With its business- and economy-friend- the world are attracted to Saxony’s capital 2030+. Together we want to make our city ly policy, smart financial management and city. The people who live here feel at home in sustainable and a place worth living in. The absence of debts, the city is able to invest in our city. With more than 540,000 inhabitants, introduction of new technologies and new the community’s future – in its quality of life, Dresden is facing the challenge of transform- infrastructures will also impact positively on in art and culture, in even more family-friend- ing itself into a sustainable urban region – not Dresden as a property location. ly facilities, and in the infrastructure. only in terms of mobility, energy and climate, We are developing an energy-efficient, On the following pages you will find but also with regard to our social and eco- low-resource research and innovation loca- facts and information about business and nomic development. Creating more green tion: the East Dresden science hub. Here we science in Dresden, on the property market spaces in the city is just as much an issue as are creating development space for demon- and on a selection of investment projects. building a smart city in which everything is stration properties and pilot projects, along networked. We have already put a wide range with space for businesses, start-ups and of basic measures in place to make this hap- service providers. The aim is to use energy pen, such as smart traffic control models and generation, storage and conversion technol- technologies like Fraunhofer IVI’s fast-charg- ogies researched here in Dresden wherever ing electric buses and the energy and climate possible. Dirk Hilbert protection programme. Likewise with one eye on the future, we Mayor of the City of Dresden Dresden’s property and homes policy is are promoting the city’s cultural development informed by the desire to control this dyna- and creating space for creative ideas. The city mism and transformation in a responsible is investing almost €200 million in developing way. We are working on strategies for devel- Kraftwerk Mitte as a theatre complex with oping Dresden as a residential location in a two stages and in the rebuilding of the Kul- way that keeps pace with demand. Thus more turpalast to create a new concert hall for the than 4,200 new homes were built last year, Dresden Philharmonic Orchestra. and the trend is continuing to rise. With va- Our positive economic development, cancies currently below 7 per cent, more than steady population growth, rise in purchasing 20,000 new homes will be needed by 2025. power and excellent tourism numbers con-

1 Hotels opened in Dresden Forecast of Dresden’s future population figures Source: Dresden Office of Statistics 600 700 304 2015 585 566 000 541 000 502 473

March: Star Inn April: Gewand- in the Haus haus Hotel Altmarkt Dresden Forecast

2001 2007 2014 2020 2030 June: Holiday Inn Am Zwinger 2016

Hampton by Hotel am The property market: Hilton, Neumarkt, Ringstrasse Jüdenhof facts and figures

Hotel Palaisplatz

Top returns in the property market Source: Aengevelt-Research, bulwiengesa AG, RIWIS 2015

Offices Retail Residential

5,9 5,8 5,5 5,5 5,5 5,3 5 4,6 4,7 4,5 4,5 4,4 4,4 4,4 4,2 4,2 4,2 4,1 4,2 3,7 3,6 Berlin Frankfurt/Main Hamburg Cologne Munich Dresden Leipzig Berlin Frankfurt/Main Hamburg Cologne Munich Dresden Leipzig Berlin Frankfurt/Main Hamburg Cologne Munich Dresden Leipzig

‘A cities’ ‘B cities’ ‘A cities’ ‘B cities’ ‘A cities’ ‘B cities’ average average average average average average 4,7 5,7 4,3 5,4 4,2 5,6

2 Average land prices in €/m2 Purchase prices for living space, Source: Dresden Committee of Experts on Real Estate Valuation initial sale 2014 (average in €/m2) Source: Dresden Committee of Experts on Real Estate Valuation Plots for individual houses

132 136 138 150 148 169 192

3 400 3 220

Properties for residential blocks

204 232 205 236 293 249 298 3 060 3 120

2001 2007 2014 2020 2030

Commercial building land

2 710 2 950

167 109 171 111 95 111 102

2008 2009 2010 2011 2012 2013 2014 Location New building Renovated period building

552 Development of sales for home ownership Source: Dresden Committee of Experts on Real Estate Valuation € 449 418 € 434 353 € € [Mio. € = € millions] € 285 286 € €

Purchases 2 643 2 384 2 904 4 312 3 545 3 269 3 998

2008 2009 2010 2011 2012 2013 2014

Development of sales of unbuilt land ready for development Source: Dresden Committee of Experts on Real Estate Valuation

147

107 [Mio. € = € millions] € 91 81 75 64 € 54 € € € € Purchases €

580 570 573 588 529 485 403

2008 2009 2010 2011 2012 2013 2014

3 ÂÂ www.dresden.de/ exporeal

‘For capital investors operating nationally, Saxony’s capital city is one of the preferred investment centres outside of the top 7 locations.’ Andreas Kunert Senior Analyst Property Market Research, vdpResearch GmbH

1 Surge in demand in the property market

1 Franklin Garden in Südvorstadt Strong growth in Demand for home 2 Townhouses in the Bramsch area, apartment buildings ownership on the rise Friedrichstadt

3 Townhouses at Herzogin Garten Rents and purchase prices for apartments Sales of new apartments have risen again. 4 The World Trade Center Dresden houses the technical city administration offices and houses have developed more or less in According to the Committee of Experts on such as the City Planning Office, the parallel since 2010. The highest increases Real Estate Valuation, a total of 518 new Land Survey Office, the Construction have been seen in purchase prices for apart- apartments were purchased last year (a rise Supervision Office and the Office of Economic Development. ments, which rose by 5.4 per cent last year of 12 per cent on 2013). The proportion of alone. In terms of the development of con- new homes in the total number of transac- struction activity, the additional demand for tions therefore rose to more than 14 per accommodation could be more than met at cent. The total number of residential sales the current annual rate of construction. also rose in 2014: around 3,630 properties Construction activity picked up noticeably were sold, an increase of just under 8 per last year. With a total of 1,142 new homes cent on the previous year. When these sales completed, the previous year’s levels were figures are viewed in proportion to the exceeded by 40 per cent (+60 per cent over number of residents, the great popularity of 10 years). At 52 per cent, growth in the Dresden as an investment location becomes construction of apartment buildings was quite clear: whereas the number of homes particularly strong, which will benefit both sold per 1,000 inhabitants in Dortmund and the rental and owner-occupier markets Nuremberg was 3.5 and 6.7 respectively, the equally. rate in Dresden was 6.9. Last year the total

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value of home purchases in Dresden amount- Rising prices and buoyant investments in maintenance and modernisa- ed to a massive € 512.1 million. This represents tion totalling at least € 90 million in the cur- a 17 per cent increase in transaction volume construction activity rent year alone. The increasing housing over 2013. The average purchase price per shortage is also reflected in levels of rents: property was € 141,000. The market for Despite the noticeable upturn in the con- up by 3.7 percent, rents rose at a faster rate houses, on the other hand, is largely stable struction of new homes, property purchase last year than in 2013. Basic rents are cur- in terms of transaction numbers. In 2014, prices rose more sharply in 2014 than in the rently averaging at € 6.60/square metre. 452 single- and two-family homes were previous year. Whereas the increase in 2013 Well-appointed properties in sought-after purchased (2013: 436), although the average was ‘only’ 3.7 percent, prices rose by 5.4 locations, such as on the sloping banks of the purchase price of € 240,000 was a good 5 per percent in 2014. Overall, purchase prices River Elbe, are currently fetching anything up cent above the previous year’s level. rose by 17.6 per cent between 2007 and to € 10.20/square metre. This compares with 2014. On average, € 1,990 was being paid per average rents of € 5/square metre in low- square metre of living space last year. Look- er-end residential areas on the outskirts of Houses in desirable ing at the individual districts of the city, the Dresden, a segment where supply still ex- highest rises were to be seen in the historic ceeds demand. locations Altstadt and in Friedrichstadt, where prices of between € 2,430 and € 2,750 were being The rising trend in property prices eased paid per square metre. Another very popular Trend: moderate price slightly last year in the house segment. area is the city’s most densely populated Compared with an increase of 4.5 per cent in district, Striesen, which saw the highest sales rise continues 2013, prices of single- and two-family houses of new homes in Dresden last year. Prices rose by just 2.3 per cent in 2014. The average there rose by 5.7 percent in 2014, with square For capital investors operating nationally, price paid per square metre for houses was metre prices averaging around € 2,000. De- Saxony’s capital city is one of the preferred € 2,130, within a bandwidth ranging from mand for owner-occupied homes is altogeth- investment centres outside of the top 7 loca- € 1,770/square metre in lower-end areas to er very high at present. tions. In light of the plentiful potential for € 2,620/square metre in highly desirable ar- space right across the city area, a long-term eas. Particularly high growth was seen in supply of construction land is ensured. If last parts of the city that are traditionally very Shortage of homes year’s strong growth in the number of homes expensive, such as Bühlau, Weißer Hirsch and completed continues, the increases in rents the villa suburb of Blasewitz. But even available for rent and purchase prices should level off slightly. Striesen, which borders Blasewitz to the With demand for homes concentrated in south, was among the areas with the highest The rental housing market is increasingly middle- to high-end areas and vacancies at growth rates, seeing increases of 2.5 per gaining in momentum. Although the availa- the lower end of the market, the rising trend cent. The average price per square metre bility of modern rented properties is being in rentals and purchase prices will be limited here is now almost € 2,220. successively expanded with recent new de- to the more highly sought-after areas. velopments, vacancy rates, which are among the lowest in eastern Germany, have fallen Source: Property market report 2014 by slightly given the growth in the population vdpResearch GmbH and the number of households. At the same time, extensive renovation and modernisa- tion projects are leading to a growing lack of affordable living space. Dresden housing as- sociations, for example, have announced

5 ÂÂ www.dresden.de/ invest

Space for innovation and ideas for the future

1 Area covered by the East Dresden science hub A climate of innovation, an excellent infra- foothold in the area, such as mechanical and 2 Modern laser lab at the Centre for structure, prime property and abundant industrial engineering, the aviation industry, Regenerative Therapies Dresden development space – the economic region pharmaceuticals and the food industry feel 3 Experimental chamber at the of Dresden as a city of the future offers all just as much at home here as young growth Dresden-Rossendorf Helmholtz Centre the benefits of a top European location. industries. The City of Dresden is paving the 4 Chancellor Angela Merkel visits Global players such as Infineon Technologies way for a secure long-term future by parti ci GLOBALFOUNDRIES FAB 1 in Dresden AG and GlaxoSmithKline Biologicals, world pating in the Federal Ministry of Education on 14 July 2015 market leader ELSASKON Sachsen GmbH & and Research (BMBF) ‘City of the Future’ From left: Dr Rutger Wijburg (Senior Vice President and General Manager Fab 1), Co. KG, internationally active mid-size com- competition and is working with local resi- Dr Sanjay Jha (CEO), Dr Angela Merkel, panies such as Xenon Automatisierungstech- dents to produce a vision for Dresden 2030 +. Stanislaw Tillich, Prof. Johanna Wanka and nik GmbH and Theegarten-Pactec GmbH & four GLOBALFOUNDRIES employees (Ardechir Pakfar, Selvi Gopalakrishnan, Co. KG and numerous small businesses mean Jana Haufe and Rimoon Agaiby) there is a wide variety of sectors. Develop- Laboratory and ment is driven by the Key Enabling Technol- ogies defined by the European Commission: workshop of the future micro- and nanoelectronics, nanotechnology, photonics, biotechnology, advanced materi- Close ties between business, science and als, and advanced manufacturing technolo- research are a key part of efforts to boost gies, all of which are represented in Dresden’s dynamic development in any location. The businesses and research institutions. unique concentration of universities, univer- In this innovative environment, sectors sities of applied sciences and private research of industry that have traditionally had a institutions (ten Fraunhofer, three Max Planck

6 Tiny steps towards great achievements – new Fraunhofer Centre boosts Dresden as a hub Four Fraunhofer centres in Dresden have joined forces with the Dresden and Chemnitz Technical Universities to form the Functional Integration for Micro/Nanoelectronics Centre of excellence in Dresden. The centre is a model of collaboration between the research and manufacturing sectors, and as such perfectly complements previous research and development activities in the area. This propels Dresden to the forefront of Europe’s leading nanoelectronics research centres. With its network of industrial companies, institutes and universities of applied sciences, the region is already Europe’s largest electronics location. The aim of the centre of excellence is to translate research results rapidly into new products, thus boosting the competitiveness of mid-sized companies in particular. 3

and five Leibniz centres, and the Helmholtz East Dresden science hub providers, with space also available for pilot Research Centre in Dresden-Rossendorf) projects and start-ups. delivers great potential for Dresden’s long- The excellent public transport and mo- term economic and social development. Close to the city centre on a site of approxi- torway links boost the location’s attractive- Research on the key social themes of the mately 100 hectares, a new innovation hub ness. Existing social facilities and new green future is conducted both by the research insti- is being built in Winterbergstrasse next door areas will expand the bandwidth of potential tutions as well as at the elite TU Dresden. In to the Dresden Fraunhofer Institute Centre. uses in the area along the railway line. By the area of climate protection and resource-ef- In creating this science hub in East promoting the development of Dresden East ficient technologies and applications, Dresden Dresden, the City of Dresden aims to create as a science hub, the City of Dresden is playing is home, for example, to the Cool Silicon a sustainable, high-quality location for sci- an important role in anchoring Dresden’s ex- leading-edge cluster, which has seen the de- ence, research and related commerce. pertise, preserving existing jobs and training velopment of innovative energy-saving tech- The location is predestined to effective- opportunities, and creating new ones. nologies in the semiconductor industry and ly promote the technologies of the future the ICT sector during its project period. Other and generate the necessary synergies be- major innovations are emerging in research tween research, development and manufac- into modern energy storage technologies and turing. Opening in 2018, it is aimed primarily the development of lightweight construction at scientific institutions, technology-related materials and technologies. businesses and research-oriented service

Technological leap for semiconductor industry – Globalfoundries invests US $ 250 million in Dresden Globalfoundries, the world’s leading semiconductor manu- facturer, is to manufacture chips for the future in a networked world here in Dresden. The new technology, named ‘22FDX’, enables powerful, energy-efficient chips to be manufac- tured at comparatively low cost. The launch of 22FDX is a milestone in the successful history of Silicon Saxony and a clear commitment to the future of the semiconductor industry in the Saxon capital. The semiconductor manufac- turer intends to invest around US$250 million in the Dres- den factory by 2017. The 22-nanometre FD SIO (fully depleted silicon on insulator) modules open up exciting opportunities for ‘Indus- try 4.0’, the ‘Internet of Things’ and the automotive industry in particular. The development is scheduled for completion by the end of next year, and the chips will be ready for use in products from 2017 onwards. Globalfoundries currently employs 3,700 people in Dresden. The Abu Dhabi sovereign wealth investment company Mubadala has invested around US$5 billion in it since its inception in 2009. 4

7 ÂÂ www.sib.sachsen.de

‘EXPO REAL is the ideal place for showcasing the dynamism of Dresden and its positive development.’ Prof. Georg Unland Saxon Minister for Finance

1 The campus is growing

1 The Free State of Saxony is investing €35 million in Master plan for Dresden’s growth prospects for TU Dresden, HTW and the Barkhausen Building between now and 2018 Südvorstadt district the research institutes are excellent. 2 New build housing the Institute for Applied Not only does this mean that the entire Photophysics (IAPP): powered largely by waste heat Südvorstadt district is set to change over the from the TU Dresden supercomputer The Südvorstadt (literally ‘southern suburb’) next few years; it will also impact on where 3 Extremely powerful magnetic resonance tomograph district is gaining in importance as an educa- and how people live in the district. There is – Neuroimaging Center at TU Dresden tion and science hub and is also a key resi- currently a great diversity of homes here, 4 Student residences at Ackermannstrasse 22 dential area close to the city centre. In fact it from single-family houses to 17-story apart- 5 Area covered by the master plan for the campus has been some time since this area to the ment blocks. The interrelationship between development and the Technology Strip south-west of Dresden’s Central Station lived these different locations and uses needs new 6 TU Dresden’s ‘children’s university’ up to its title of ‘Vorstadt’ (suburb): indeed, impetus for the future. To be able to direct the facilities of Dresden Technical University this development, the city administration has (TU Dresden), Dresden University of Applied drawn up a master plan. Sciences (HTW) and well-known research The main aim of this master plan is to institutions such as the Max Planck, Fraun- enable Südvorstadt to develop into a vibrant, hofer and Leibniz Institutes are nowadays diverse and well-connected part of town with located very much in the city centre. a mix of education and science facilities and Since an attractive learning and research residential accommodation. The plan identi- centre is of great importance to the overall fies scope for medium- to long-term devel- development of Dresden and the wider re- opment for all players in the district and has gion as an economic and scientific hub, the various spatial focal points with different

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development objectives: 1) the core campus New laboratory and seminar rooms for novationsZentrum Dresden (BioZ) is planned, of TU Dresden, 2) the HTW campus, and 3) the cfaed Cluster of Excellence are currently and plans to erect a new building that will the campus south-east of the Saxon State being built in the Barkhausen Building. The create space for companies in the food and University Library. A public consultation Free State of Saxony will be investing anoth- sciences and biomedical technology sectors exercise was run, giving all interested citizens er € 35 million in this between now and are also currently being considered. the opportunity to submit their ideas. early 2018.

Student accommodation Technology Strip Growth in Dresden’s on the campus biotechnology sector The Technology Strip along Nöthnitzer Student accommodation makes very special Strasse currently offers the greatest develop- Short paths, shared infrastructure, room four demands on the investor. TreuWoBau Dres- ment potential along the southern perimeter expansion: all the major players along with den AG is currently focusing mainly on stu- of the science campus. This is home not their expertise, research equipment and dent accommodation and is building student only to the computer science faculty and laboratories are within walking distance at residences within walking distance of the Namlab GmbH, but also to the Max Planck the Biopolis in Dresden’s Johannstadt district. institutes and faculties of TU Dresden at Institutes for Chemical Physics of Solids and Well-known facilities such as the B CUBE Bienertstrasse 11 and Ackermannstrasse 22. for the Physics of Complex Systems, the Centre for Molecular Bioengineering at TU Homes are being built to KfW standard 55 Fraunhofer Institute for Machine Tools and Dresden and the DZNE, the German Research to ensure a high level of energy efficiency. Forming Technology (IWU) and the Leibniz Institute for Neurodegenerative Diseases, are Institute for Solid State and Materials Re- based here. A new building for B CUBE and Investment volume: € 6.4 million search Dresden. the DZNE immediately adjoining the BioIn- Use/completion: 2016

Technology Strip

9 5 6 ÂÂ www.dresden.de/ wohnen

Homes and living

1 Homes at Schützenplatz, right near the historic At home in Dresden Top addresses on the slopes Altstadt and important cultural facilities of the River Elbe 2 Residential development in Kiefernstrasse in Dresden’s flair is back. Magnificent buildings the Albertstadt district like the Semperoper, the Hofkirche, the The Weißer Hirsch/Loschwitz district with its 3 View of the Elbe from Loschwitzhohe Zwinger and the Frauenkirche exude the at- many historic villas is one of Dresden’s most 4 Kraftwerk Mitte: a future centre for art, mosphere of old Dresden, often extolled as desirable areas. Other sought-after parts of culture and creativity the Florence of the Elbe, while its outstand- town are Blasewitz, Striesen and the Prussian ing economic, cultural and tourist facilities Quarter. The city centre, Dresdner Heide and point the city towards the future. Interesting- Neustadt are all within easy reach of these ly, Dresden is not only characterised by its districts. Accommodation in desirable loca- historic centre; fascinating architecture and tions is becoming scarce, regarded, as they charming landscapes featuring old village are, as among the most exclusive residential streets and squares can be found in many areas in eastern Germany. parts of the city. With so much diversity, Dresden embodies one of the most beautiful urban landscapes in Europe. From a villa overlooking the River Elbe to a well preserved Districts with character or reconstructed period home in the city centre to a house surrounded by parks and Neumarkt, which is home to Dresden’s most gardens, there is something for everyone famous landmark, the Frauenkirche, has al- here. ways been regarded as an aesthetic Gesamt- kunstwerk of European baroque urban architecture. Today the Frauenkirche is one of Dresden’s most important historic buildings.

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Many of the gaps in the city centre building Urban living – Dresden and enjoyable. The city administration helps landscape are currently being closed. The area investors and project developers looking to between Altmarkt and the River Elbe, bor- Neustadt build homes in Dresden find a site and go dered by the Frauenkirche, the Johanneum, through administrative processes, publishing the Kulturpalast and the Kurländer Palais, is The Neustadt district has a very special charm a themed city map identifying potential divided into eight ‘quarters’ and demonstrates of its own. Small shops and street cafés, housing development areas (www.dresden. that it is possible to lead a first-class lifestyle well-known cultural establishments and fa- de/wohnungsbaustandorte). A central infor- in historic surroundings. The reconstruction of mous building complexes characterise this mation point provides building owners with the classical-style Palais Hoym in quarter Q III/2 vibrant district. An effective infrastructure advice on all the approval procedures re- by CG Gruppe will fill the last vacant site in the links homes with shops, department stores, quired: vicinity of the Frauenkirche. educational and support facilities, health A gem in the city centre: the musicians’ care, recreation, culture and the creative Central office for applications quarter boasts the special qualities of a re- economy, nightlife and bars, all nestling be- and preliminary surveys treat. The idyllic area bordered by the Zwin tween two of the city’s green spaces, the The City Planning Office is your first port of ger, the Kulturkraftwerk, Schützenplatz and Dresdner Heide heathlands and Alaunpark. call when it comes to handing in and pre-as- the University of Music is brimming with art, Neustadt benefits from these public open sessing construction applications, applica- culture, restaurants and cafés, shops, chil- spaces for communication and regeneration tions for outline planning permission, building dren’s crèches, schools, plenty of green space and from its privileged position with links to documents submitted with the application, and, of course, an exceptional quality of life. all central districts in Dresden and the nation- demolition notices, applications to have flats The infrastructure is excellent, everything is al road and rail networks. approved as self-contained units, and other within easy reach, and the opportunities are Dresden offers excellent prospects for information. Phone the service hotline for almost limitless. Away from the hustle and professionals and entrepreneurs. The reason building owners on + 49 (0)351 488 1802 or bustle of the city, Schützengasse adjoins the for this positive development lies in the ex- email [email protected] for information about historic Schießplatz, nowadays a valuable park tensive investments initiated by the City of specific building application plans. with a children’s playground and the local Dresden. New childcare facilities and schools ‘Zum Schießhaus’ restaurant. and comprehensive cultural facilities make living and working here even more colourful

11 4 ÂÂ www.dresden.de/ invest

Dresden’s vibrant city centre

1 The Quartier QF between the Frauenkirche A mixture of uses in the city Strengthening and focusing and the Fürstenzug mural houses some exclusive brands. the retail offering Dresden city centre is the most well-known 2 Open-air season in Neumarkt square in front and characteristic part of the city, offering a of the Frauenkirche, with a view of the golden ‘Fama’ on the Art Academy dome huge diversity of attractions and a varied Dresden’s retail offering is benefiting both street life. This is Dresden at its very best – from the population growth in the city as well 3 View of the stage in the renovated Kulturpalast concert hall vibrant and lively. Retaining and enhancing as from the 14 million national and interna- the attractiveness of the city centre ina tional visitors who come to the city every 4 Kulturpalast following renovation changing environment is part of a long-term, year. The prime A-location is Prager Strasse. 5 Centrum Galerie in Prager Strasse intensive process. With a holistic approach, Footfalls in excess of 5000/hr are clocked 6 Prager Carrée at the entrance to Prager Strasse, the city centre has successively been given here, and rents are among the highest in the seen from the central station new impetus as a cultural, business and retail city at €100/square metre. hub and a place to live and work. The quality Dresden is in third place on the league of the roads, squares and open spaces has table of top shopping locations in eastern been further enhanced with a creative and central Germany. The city is benefiting mobility management scheme, improving from the expansion of the retail offering pavements and cycle lanes and temporarily brought about by the renovation of the removing road traffic from exposed public Centrum Galerie Shopping Centre in Prager spaces. This strong impact on Dresden’s im- Strasse in 2013/14, which has attracted new, age is being made possible with future-ori- international brands like the anchor tenant ented service locations, attractive retail- of Primark, Mango and the Inditex brands Ber- ferings and a creative cultural landscape. shka and Pull & Bear.

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The Prager Carrée development, which is structures in the city centre have already structure with a display made of 75 trape- scheduled for completion in 2016, will create been culturally redefined: zoid character panels. an additional 5,500 square metres of retail just a stone’s throw from the historic The completely renovated Kullturpalast space for rent. Work has begun to tidy up centre of Dresden, the former Dresden- in Altmarkt is scheduled to open its doors in Postplatz with the extension to the Alt- Mitte power station is being transformed 2017. At the heart of this monument to post- markt-Galerie, the Wilsdruffer Kubus and the into the Kraftwerk Mitte cultural centre, war modernism will be a 1,820-seater con- Zwinger-Forum. The planned new buildings which will be the new home of the Dresden cert hall built the very latest acoustic stand- will include mixed-use space for fine-grained State Operetta and the tjg.theater junge ards. In addition to the Dresden Philharmon- retail, services and residential units. generation youth theatre from late 2016. ic Orchestra, this cultural centre at the heart Above this there will be space for the city’s of the city will be home to the City Libraries, vibrant cultural and creative economy, with Kabarett Herkuleskeule, the tourist informa- Cultural European city offices, studios, galleries and cafés. The tion centre and a café. former power station is already being used by artists with offerings including the Kraft- The density of cultural facilities in the city Werk Dresdner Energie-Museum. In addi- centre enhances the visitor experience and tion, on the roof of the former reactance boosts the city’s positive image. Culture ed- building at the entrance to the Kraftwerk ucates and animates, and cultural initiatives visitors can see the Restzeichen installation help upgrade entire urban spaces. Several by artist Paul Elsner – a × 9 5 m scaffold

13 5 6 ÂÂ www.dresden.de/ verkehr

At home in the centre of Europe

1 Dresden International Airport Welcome to the heart of and E 40, Dresden is less than a two-hour 2 Some 3 000 students from more than 30 countries drive from two European capital cities. use the facilities of Dresden International Europe The A 13 motorway to the north of the University (DIU) city leads to Berlin, and the A 17 to the 3 Distances and travel times to and from Dresden The prosperous Dresden economic region south goes to Prague. 4 Terrace at Dresden International Congress Center, lies in the picturesque Elbe valley half way The A4 motorway connects Dresden to view of the historic Altstadt between Berlin and Prague. With its modern, Görlitz in the east and Frankfurt in the 5 As part of the Youth Ambassadors Programme efficient traffic links, Saxony’s capital city is west. (YAB), Dresden once again played host to a group easy to access from all four points of the Dresden is also connected to the German of young Emiratis. The capital of the United Arab compass. The Free State of Saxony handles and European road networks by four Emirates, Abu Dhabi, sent its best students to Germany for three weeks. The 18 young men and the bulk of its exports via the port of Ham- federal highways (B 6, B 97, B 170 and women came to Dresden in early August and burg. Well over 40 per cent of these go to B 173). spent four days visiting some of our top scientific, countries that are primarily accessed by sea. economic, cultural and political facilities. The exchange students were introduced to Twin Lab, Around 150,000 sea containers’ worth of A highly efficient local public transport sys- a flagship German-Emirati scientific partnership. goods are transported between the German tem ensures a high degree of mobility states of Saxony and Hamburg every year – throughout the city while protecting the 70 per cent by rail and 5 per cent on the environment at the same time. Dresden is a River Elbe. major hub on the Deutsche Bahn railway The city area is served by three motor- network, with trains departing from Dresden ways with a total of eleven junctions, all daily to all major German and European cit- three motorways forming part of the ies. It is also on the international IC, ICE and Trans-European Motorway network. Situated EC networks. at the intersection of European routes E 55

14 3 h

Helsinki Oslo Stockholm

2 h Riga Moscow

1 h

Warschau Amsterdam Berlin 24 h London Dresden 10 h 5 h Brussels Prague Paris Vienna 12 h Budapest

Bern

24 h

Istanbul Rome Madrid 48 h 2 3 Athens

53 long-distance trains, 269 local trains people, combined with Saxony’s internation- The broadband network – and 215 S-Bahn trains per day ally successful education system, is providing a backbone of Smart City Expansion of the Dresden railway hub to the city with a large pool of highly qualified improve performance (improving connec- and motivated people. Dresden tions to the upgraded Leipzig-Dresden, Dresden is home to an unusually large Nuremberg-Dresden and Berlin-Dresden- number of high-skilled science and technol- Sensors deliver information about air quality, Prague routes) ogy professionals. Of these, 45.5 per cent traffic density and energy consumption. Citi S-Bahn connections to major cities and work in a scientific or technology role or have zens and businesses use electronic commu- municipalities in the Upper Elbe valley. degrees in these fields. This places Saxony’s nication channels from WhatsApp to web- capital city above the average for the major based conference systems. Films and ser Just nine kilometres (20 minutes) from the European economies of Germany, France vices are streamed via the net. Local public city centre, scheduled flights depart for na and the UK. To keep student numbers rising transport is controlled using smart systems tional and international destinations from and to ensure Dresden continues to have and delivers information updates to users in Dresden International Airport. You can fly sufficient numbers of qualified workers real time. All this calls for a powerful broad- non-stop from Dresden to Moscow or Zurich, available to service its high-tech needs, the band network. Dresden’s users have high for example, and there are several flights a city plans to encourage even very young standards. The data highway is being succes- day to the Frankfurt and Munich airport hubs. children to consider a career in science and sively expanded to cope with the rising de- About 1,8 million passengers used Dresden technology. Eight school laboratories in the mand for bits and bytes. Dresden has already Airport in 2014. city area, the TU Dresden Children’s Univer- met the demanding targets for broadband sity, many other school programmes and the expansion set by the German government. ‘Long Night of Science’ are just some exam- And yet the major telecommunications Top talent and bright brains ples of ways in which children and young companies are continuing to invest in our people can experience scientific subjects location, with the aim of rolling out fibre from a completely different angle from that optic broadband to everyone. Any number If successful companies’ most valuable assets taught at school. of kilometres of fibre have been laid and are their own staff, then Dresden is a gold- more are set to follow, driving Dresden’s mine. The unique inventiveness of Dresden’s development as a Smart City forward.

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New addresses for development

1 The new city district of Mickten offers a high quality of life. City-centre planning New urban structures

2 City-centre planning concept map concept between Dresden-Neustadt

3 Schillergarten Dresden, view of the slopes of and Dresdner Heide the Elbe in Loschwitz, by the Blue Wonder The city-centre planning concept creates an 4 Neustadt district with vibrant nightlife outline for sustainable urban development, The location of this part of the city and the concentrating the city’s growth in its centre. diverse potential forms of construction and 5 Every year, more than 550,000 visitors attend the Canaletto city festival. Fine-grained mixed uses within a compact living it offers match the urban development city structure create a city centre that is a joy goals of creating demand-oriented housing. to live in. It is of great importance for the With its new, wide-ranging offerings, the area city’s identity and attraction to maintain the targets the employment hubs in the north of interplay between the Elbe meadows and the city and the airport. the Altstadt and Neustadt districts. With In addition, if the population continues plenty of greenery, the mixed-use city-centre to grow there is scope to create more homes neighbourhoods and interconnecting spaces by developing empty sites and building encourage people to identify with their local apartment blocks in subsequent locations area, while the residential elements maintain so-called ‘Nacherhebungsstandorte’. a balance of uses in the city centre.

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Dresden-Friedrichstadt Publication details Frauenkirche GmbH & Co. KG, 2 Sven Döring, 3/4 gmp Architekten, 5 Frank Exß, 6 Revitalis Real Estate AG; p. on the up Published by: 14/15: Jürgen Jeibmann, 1 Flughafen Dresden GmbH, 2 City of Dresden City of Dresden, Office of Economic Development, 4 Sven Lord Mayor of Dresden Döring, 5 Dresden International University, 6 Sandra The Friedrichstadt district is one of the focal Schuck/YAP_VAE/Goethe Institute; p. 16/c3: 1 Matthias points of urban development in Dresden to- Office of Economic Development Grobe für sinai | Gesellschaft von Landschaftsarchitekten World Trade Center, Ammonstrasse 74, 01067 Dresden mbH, 2 pesch partner architekten stadtplaner, 3/4 Sven day. This dynamism is being driven by its Phone + 49 351 488-8700, Fax + 49 351 488-8703 Döring, 5 Sylvio Dittrich; c4: Anja Upmeier proximity to the city centre and the large [email protected] Nationwide public authority hotline 115 – We love questions number of listed renovated properties there. www.dresden.de/invest Design: Sandstein Kommunikation GmbH, Office of the Lord Mayor The benefits of city centre living with eve- www.sandstein.de Public Relations Department rything within easy reach are the hallmarks of Printed by: Lausitzer Druckhaus GmbH Phone + 49 351 488-2390, Fax + 49 351 488-2238 Translation: Schweitzer Sprachendienst this part of town. Surrounding the listed [email protected] Dresden-Friedrichstadt hospital in the former No access for encrypted electronic documents. Electronic Postfach 12 00 20, 01001 Dresden Adelspalais is a very special mixture of ba- documents with a secure electronic signature can be sub- www.dresden.de mitted via a form at www.dresden.de/kontakt. This infor- roque architecture, grand Gründerzeit buil- Picture credits: c1: fotolia.de; c2: Sylvio Dittrich; p. 4/5: mation material is part of the City of Dresden’s marketing dings, prefabricated blocks, industrial comple- 1 Frank Höhler, 2/3/4 MinneMedia, 5 Frank Höhler; p. work. It may not be used for electoral campaigning. How- xes and modern apartment buildings. The 6/7: 1 Office of Economic Development, 2 Sylvio Dittrich, ever, parties may use it to inform their members. district has long been a magnet for a new 3 HZDR/Frank Bierstedt, 4 GLOBALFOUNDRIES Published as information material on the occasion of clientele, particularly on the creative scene. Management Services LLC & Co. KG; p. 8/9: 1 SHP EXPO REAL 2015 in Munich. Despite careful research, Architektur, 2 Heinle, Wischer & Partner, 3 City of Dres- we do not accept any liability for the information in this Market observers clearly see the Friedrich- den, Office of Economic Development/Jürgen Lösel, 4 brochure. stadt district as the one with the greatest TreuWoBau Dresden AG, 5 Office of Economic Develop- September 2015 potential. ment, 6 Sven Döring; p. 10/11: 1/2 Frank Höhler, 3 Syl- vio Dittrich, 4 STESAD; p. 12/13: 1 QF Quartier an der

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