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“Don’t leave Munich to speculators”: City should buy Sendlinger Loch

2024-01-18T16:38:44.745Z

Highlights: “Don’t leave Munich to speculators’: City should buy Sendlinger Loch. “Land belongs in public hands and not in the clutches of a real estate company from Grünwald,” says parliamentary group leader Stefan Jagel (Left) The area on Alramstrasse was sold for almost 75 million in 2017. The supermarket there should give way to high-priced apartments. Completion was planned for 2025. But little has happened since then - apart from the demolition of the existing buildings.



As of: January 18, 2024, 3:31 p.m

By: Sascha Karowski

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The city should buy the area known as Sendlinger Loch.

© Sleep

The Sendlinger Loch has been lying fallow for years.

Now the city is supposed to buy the area on Alramstrasse.

This is what the left and the party are demanding.

Munich - The city of Munich is to buy the site that is now known as Sendlinger Loch.

City councilors from the Left and the party are demanding this in a motion.

Sendlinger Loch on Alramstrasse: The area was sold in 2017 and luxurious apartments were to be built

The area on Alramstrasse was sold for almost 75 million in 2017.

The supermarket there should give way to high-priced apartments.

Completion was planned for 2025.

The client is M-Concept.

But little has happened since then - apart from the demolition of the existing buildings.

Since the beginning of 2020, there has been a twelve meter deep, 4,810 square meter construction pit on Alramstrasse: the Sendlinger Loch.

This has become a symbol for the Munich real estate market, write the Left and the party.

While citizens of this city urgently need affordable housing, the Sendlinger Loch symbolizes the standstill of housing construction in Munich.

Instead of taking care of this living space as a city itself, real estate would be left to speculators who want to build expensive luxury apartments there.

Sendlinger Loch: Left leader calls on the city to act - “very high need for affordable housing”

“The fact is that there is hardly any demand for luxury apartments in Sendling, but there is a very high need for affordable living space,” says parliamentary group leader Stefan Jagel (Left).

This shows clearly that the city should not be left to speculators.

“Of course they don’t care about the needs of the citizens.”

The municipal department is now tasked with starting negotiations.

The city should also purchase the property for significantly less than the purchase price.

“Land belongs in public hands and not in the clutches of a real estate company from Grünwald.”

Source: merkur

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