Language
DEEN
Development··1 min read

SWSG lays foundation stone for 103 subsidised flats in Neckarpark

SWSG has laid the foundation stone for three buildings comprising 103 subsidised flats and five commercial units in plot Q5 of Stuttgart's Neckarpark.

AI generatedSWSG lays foundation stone for 103 subsidised flats in Neckarpark – AI-generated illustrative image
SWSG lays foundation stone for 103 subsidised flats in Neckarpark. Illustrative image generated using artificial intelligence (AI). The image does not depict a real property, person or event and is not a documentary photograph. Labelled in accordance with Article 50(4) of the EU AI Act.

In Stuttgart-Bad Cannstatt, Stuttgarter Wohnungs- und Siedlungsgesellschaft (SWSG) has laid the foundation stone for a new-build project in plot Q5 of Neckarpark. Representatives from state politics, local government and the regional housing sector attended the gathering to mark the official start of construction for the ensemble.

The development comprises three buildings with a total residential space of around 6,875 square metres. A total of 103 publicly subsidised rental flats will be created, with layouts ranging from compact one-room to spacious five-room flats. The concept caters to people at different stages of life and aims to provide needs-based housing for single people, couples, senior citizens and, in particular, families.

Mixed use and spatial layout

The three buildings are arranged around a shared courtyard designed to serve as a central meeting place and open area for the ensemble. To integrate residential living with commercial functions, five commercial units with a combined usable floor space of around 856 square metres are being built on the ground floor. An underground car park providing 46 parking spaces completes the Neckarpark development scheme.

  • —103 publicly subsidised rental flats with approx. 6,875 square metres of residential space
  • —Five commercial units with around 856 square metres of usable floor space
  • —Three buildings arranged around a communal courtyard
  • —Underground car park with 46 parking spaces

Voices from politics and executive management

Samir M. Sidgi, Managing Director of SWSG, stated on site that affordable housing is the central social issue of the present day. According to him, the 103 subsidised flats will be structurally completed in just over a year and will remain permanently rent-controlled. Theresa Schopper, Minister for Regional Development and Housing of the State of Baden-Württemberg, paid tribute to SWSG's commitment and described the company as a vital driving force for affordable housing construction in Stuttgart.

Peter Pätzold, Stuttgart's Deputy Mayor for Urban Development, Housing and Environment, highlighted the dynamic momentum in the Neckarpark district in his address. Affordable housing must be an integral part of the new urban area. Complete delivery of the mixed-use residential ensemble in plot Q5 is scheduled for the end of 2027.

Looking for
a real estate
agent?

Michael Freitag — founder of FREITAG® Immobilien
Michael Freitag
Founder of FREITAG® Immobilien GmbH
More than 15 years of experience in Bavaria & surroundings
— FREITAG Immobilien

Your discreet partner for institutional transactions in German-speaking Europe.

As a premium real estate firm based in Munich we advise investors, family offices, developers and long-term holders on the acquisition, sale and valuation of residential, income and commercial properties — confidential, close to the market and on equal terms.

3.600+
municipalities on our market radar
48 h
first assessment of your property
Off-market
discreet circle of buyers
DACH
DE · AT · CH
— Confidential contact

Let us talk about your portfolio.

Acquisition profiles, off-market opportunities, valuations or development enquiries — we reply personally within 24 hours, NDA as a matter of course.

Phone
+49 (0) 89 158 90 140
Email
E-Mail anzeigen
Office
Munich
— More news
— Most read in the journal