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Living in the Südgärten
The residential area at Südstraße 1-39 is located in the former residential town of Altenburg on the southern outskirts. The residential complex is surrounded by the “Germanenhof” settlement, today the Thomas Mann settlement, the former brickworks and the former sewing machine factory. At the end of the 1930s, HASAG – a munitions factory – commissioned GAGfAH – a non-profit corporation for employees’ homes – to build 218 residential units for their workers. At the same time, 40 apartments in the houses to the east were to be prepared. This also created the Skagerrakstraße, today’s South Street. The construction of the settlement began in 1939 and three years later the first apartments could be occupied. Since mostly young families lived in the residential units, which were modern at the time, the settlement had a large number of children and was therefore given the nickname “Storchenstraße”.
The ensemble of listed buildings has a park-like character in that it is connected as a closed unit. The aim of ASE Real Estate GmbH is to rebuild the unrenovated buildings in their historical splendor in order to preserve them as a closed ensemble. As a result of optimal execution, the appearance of the settlement is maintained and the quality of living is improved.
The houses at Käthe-Kollwitz-Straße 55, 55a, 55b and Südstraße 1-39 are aiming for very good rentability. Rental inquiries for the houses are already extremely high. The houses opposite at Südstraße 14, 16 & 18 serve as a reference for the later appearance of the Südgarten. At the same time as our construction project, an Altenburg doctor intends to buy and renovate the houses at Südstraße 2-12 and Käthe-Kollwitz-Straße 45-53 on the right-hand side of Südstraße, at the corner of Käthe-Kollwitz-Straße. The southern gardens will also be further upgraded and are in a much better position thanks to their privileged location in a green environment.