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Internet giant Google with mega-construction in Munich - will living in the city become even more expensive?

2021-01-16T07:56:12.535Z


The fear of gentrification has long since gripped the Maxvorstadt district. When the new Google headquarters is ready, the real estate market could be further fueled.


The fear of gentrification has long since gripped the Maxvorstadt district.

When the new Google headquarters is ready, the real estate market could be further fueled.

  • Internet giant

    Google

    will soon be moving to the west of Munich * - This should continue to fuel the rental market.

  • The city is bursting at the seams anyway.

    Local politicians rightly have

    concerns about the consequences

    .

  • The

    gentrification

    has advanced in many areas.

    Now a round table is to take place.

Munich - The historic Arnulfpost near the main train station * has been sold.

The buyer:

tech company Google

.

A year ago, this message caused major discussions in the district committee (BA) Maxvorstadt.

And the former parcel delivery office continues to occupy the body.

After the US group had presented the

plans for the Postpalast

in September (we reported), the BA called for a round table with Google in a bipartisan motion at the latest meeting “in order to work out solutions to the tense housing market in Maxvorstadt relieve ", so the applicants.

Among other things, a catalog of questions should clarify how Google

would like to participate in

relieving the housing market

in Maxvorstadt

with the influx of around 1500 employees

.

Because the fear is great that the well-paid Google employees will "let the gentrification in the Maxvorstadt massively advance", it says in the application.

Apart from that, that doesn't really help in the rest of the city either.

Munich: Google increases headquarters - Maxvorstadt fears gentrification

In addition, the construction project for the

building at Arnulfstrasse 62

was already decided at the November meeting

.

One of the prerequisites for the approval of the committee: "A sensible solution should be developed for the unused parking spaces in the underground car park", explained Franziska Dobler, member of the subcommittee on climate, environment and planning.

At the European level, tech companies like

Google are

meanwhile declared war:

Because

Google

does not provide its employees with company cars, but according to the construction plan it still has to build a very large parking garage, explained Wieland Holfelder, head of the Google Development Center at a project presentation at the BA.

For this reason, the committee suggested examining whether additional bicycle parking spaces or rainwater management would be possible there.

High rents and an uncertain future of living.

Many older Munich residents are moving away from the city.

Is the state capital threatened with a "gray housing shortage"?

(Leonie Hudelmaier)

Source: merkur

All news articles on 2021-01-16

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