Key data
Project company: Lumina Villenwohnpark Calw GmbH
Property type: New construction of six apartment buildings
Address: Schillerstraße, Calw
Plot size: 6,009 m²
Approved floor area: 4,612 m²
Residential units: 54 residential units
Underground parking spaces: 58
Outdoor parking spaces: 18
Individual garages: 11
Investment highlights
This project not only offered investors attractive living space, but also interesting financial prospects:
Starting price per square meter: € 3,200/sqm
Final price per square meter on completion: € 5,400/sqm
Investors were also able to benefit from special tax advantages:
Tax advantages: A deduction for wear and tear (depreciation) of 9% on the façade was possible due to the listed character of the building, which further strengthened the profitability of the investment.
Macro position
Calw, the formerly tranquil Hermann Hesse town in the northern Black Forest, is a large district town that has made the district one of the best regions in Germany with good prospects for the job market and a high quality of life. In May 2016, Calw even secured second place in the "Best prospects in the labor market and quality of life for the next three years" study conducted by the Prognos economic research institute. Many efforts have been made to achieve this, which are now bearing fruit. On the one hand, the new Hermann Hesse Railway, which will connect Calw quickly and reliably with Stuttgart and the surrounding area, will secure mobility across the board from 2023. Furthermore, the expansion of digitalization, the school center, the restructuring of the district clinics, the establishment of medium-sized industry and many other measures are also contributing to this.