WHAT-WE-DO: Mull & Partner Ingenieurgesellschaft mbH has been successfully advising land developers for several years on the acquisition of state subsidies for the revitalisation of former industrial sites and properties. Land revitalisation now plays a key role in counteracting land consumption and promoting sustainable urban development.

On behalf of Aurelis Real Estate Service GmbH, M&P processed the funding application for the revitalisation of the Badenstedter Str. 52 property in Hanover and submitted it to the N-Bank on 30.03.2021.

On 9 September 2021, the State Secretary in the Ministry of the Environment, Mr Doods, ceremoniously handed over the positive funding decision to Mr Iven as a member of the Aurelis Management Board on the property. Mr Voigtländer (Aurelis) and Mr Hartmann (Managing Director of M&P Hannover) presented the project and the funded measures. Mr Doods emphasised the positive aspects of the revitalisation of unused brownfield sites. Mr Hartmann emphasised the great importance of promoting land recycling projects in order to effectively reduce land consumption in Germany. Mr Iven expressed his delight and emphasised that without the funding, it would have been questionable whether the project would have been realised.

An iron foundry was operated on the site at Badenstedter Strasse 52 for many decades between 1872 and 1968 by Lindener Eisen- & Stahlwerke AG and later by Phoenix-Reinrohr AG. Aurelis Real Estate Service GmbH is planning to build the "Altes Stahlwerk" business park on the Badenstedter Str. 52 site while retaining its commercial use. The planned modular structure will allow a high degree of flexibility with regard to tenant and space requirements. As part of the development of the site, it is planned to retain the existing green space in the western part of the property and thus preserve open spaces and green infrastructure. For the planned development, it is necessary to demolish the old brick hall and remove and properly dispose of the contaminated soil as part of the necessary earthworks.

The business park will create around 24,000 m² of commercial space and thus a number of new jobs.

Thanks to the subsidised subsequent use of the area, it was possible to dispense with the necessary land use for commercial development in Hanover, which had otherwise already been discussed.

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