Project Company:
Lumina Villenwohnpark Calw GmbH
Property Type
Six new apartment buildings
Address:
Schillerstraße, Calw
Plot Size:
6.009 m²
Living Space:
approx. 4.612 m²
Number of Residential Units: 54
Underground Parking Spaces
58 Units
Outdoor Parking spaces:
18 Units
Individual Garages:
11 Units
Calw, the former tranquil Hermann Hesse town in the northern Black Forest, has established itself as a major district town, leading the district to become one of the best regions nationwide, marked by promising job market prospects and a high quality of life. In May 2016, Calw even secured second place as the climber in the Future Atlas study conducted by the economic research institute Prognos, which rated “the best prospects in terms of job market and quality of life for the next three years.”
Extensive efforts have been undertaken to achieve this, which are now bearing fruit. These include, on one hand, the comprehensive assurance of mobility starting in 2023 through the new Hermann Hesse Railway, which quickly and reliably connects Calw with Stuttgart and the surrounding area. Furthermore, the expansion of digitalization, the school center, the restructuring of the district hospitals, the settlement of medium-sized industry, and many other measures contribute to this success.
This project offered investors not only attractive living space but also interesting financial perspectives:
Starting Price per Square Meter: €3,200 / sqm
Final Price per Square Meter upon Completion: €5,400 / sqm
In addition, investors were able to benefit from special tax advantages:
Tax Benefits: A depreciation allowance (Absetzung für Abnutzung – AfA) of 9% on the facade was possible due to the building’s listed (monument) status, which further strengthened the economic viability of the investment.
