GAG Ludwigshafen am Rhein AG: A success story: Rheinufer Süd Ludwigshafen

When Ludwighafen’s city council concluded its first set of civil construction plans for the rebuilding of the Rheinufer Süd, a former industrial zone, success was still a long way off. Some ten years later the soil was remediated and the service centre Dienstleistungszentrum Walzmühle, the Ernst Bloch Centre, and the East Asia Institute of the Ludwigshafen University of Applied Sciences were the first new buildings to be created. At this point in time, the City of Ludwigshafen and GAG Ludwigshafen had acquired virtually all parcels of land. At the end of 2002, the RSE Ludwigshafen Rheinufer-Süd Entwicklungs-GmbH was established in order to commercialise the building area in a targeted manner.

By 2004, the Rheinallee, the remaining access streets and the technical infrastructure had been built. In 2006, the go-ahead for the first extensive city quarter spanning 1.7 ha was given under the leadership of RSE. In dialogue with private partners, preparatory work for building development was done in a cooperative workshop process. The pioneering role was taken up by GAG, which let excavators have the pleasure of turning the first sod in December 2006. GAG’s dedication soon paid off – for instance, it was awarded the Deutsche Bauherren Preis “New Construction: High Quality, Viable Costs” in 2011 for the “Residential Complex Rheinallee” project. The development of building zones 2, 3, 4 and 7 followed. At present, building zone 6 and two key parcels of land at the northern entreé are still pending projects.

 

 

At the end of 2016, the commercialisation of the last building zone started. This should be completed by 2019. By then, the new construction of the former port area on the Park- Island is planned to be completed and Luitpoldhafen will be open for water vehicles.

“Rheinufer Süd has ended up being a success for the City of Ludwigshafen,” RSE’s business director Ernst Merkel emphasises. “While at first it may have been only local building developers who took up involvement in the Rheinufer Süd venture, larger construction firms and property enterprises in the Rhine-Neckar metropolitan region have also demonstrated interest in developing areas of Rheinufer Süd in the meantime. The involvement of Diringer & Scheidel Mannheim, Epple and Deutsche Wohnwerte Heidelberg and Weisenberger from Rastatt has also shifted the focus of institutional investors to Rheinufer Süd,” Merkel adds.

Over EUR 400 million of private investment has flowed into 55 individual projects covering over 300,000 m² of total floor area in this premium location directly on the Rhine River. Close to 600 residences have been newly created; when completed, this figure will reach 900. In addition, over 3,000 jobs have been created.

  1. Address

    Wittelsbachstraße 32

    67061 Ludwigshafen

    Tel +49 621 5604-0

    Fax +49 621 5604-110

    info@gag-ludwigshafen.de

    www.gag-ludwigshafen.de

  2. Managing board

    Ernst Merkel

  3. Year of establishment

    1920
  4. Business Activity

    Sales and lease of residential and commercial properties,

    portfolio management, project development, construction activities