Monastic property up for grabs
In the heart of Regensburg, the historic Baroque monastery St. Klara is set to change hands. The city council, in a non-public meeting of the Planning Committee, has decided to sell the monastery complex, a decision officially announced online last Thursday.
The monastery complex, which currently houses the Ecclesiastical Institute and the Youth Protection Office, will see the latter relocated after the sale. As of now, there are no specific details available about the parties interested in the auction or the potential uses private investors have discussed for the building.
The monastery complex, like the area on the Donaumarkt, was acquired by the city as recently as 1968, as part of purchases for traffic planning. With a usable area of 4,000 square meters, the property is particularly interesting for investors, including real estate funds.
The sale of the monastery complex is significant as it is located in the core area of the World Heritage zone and in close proximity to the Danube and Villapark. A large part of the monastery building is protected as a monument, which sets certain limits on its use.
Last year, the international IACOBUS competition at the University of Regensburg focused on a public use of the monastery complex as a youth guest house with a youth music school. The winning team was praised for its respectful handling of the historical substance and the opening of the Ostengasse towards the Danube.
However, a year after the competition, the city has no own concept for the monastery complex's public use, as it is said to be unprofitable. This has left the project development for the monastery complex to a private investor.
Discussions for square meter prices in nearby areas suggest potential high prices, particularly for residential use. Recently, the real estate group Trepnau acquired the Trunzer block and is reportedly discussing square meter prices of up to 3,900 euros.
The building complex St. Klara is located in the regeneration area "Ostengasse Nord", offering potential tax advantages for the buyer. As the sale of the monastery complex marks another step in the privatization of Regensburg's historic buildings, the city and the new owners will have to balance the preservation of history with the needs of modern development.
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