On a development plot of 20,000 sqm in the Port of Science area in Magdeburg and in close proximity to the city’s university, the Fraunhofer Institute (IFF) and the Denkfabrik office scheme for innovative and research companies, a modern urban quarter with a total GFA of around 40,000 sqm is under construction, to be completed by 2025. On two development sites, located between an old inland port basin and the River Elbe, new commercial units and around 168 flats will be created. In addition to modern offices, it will provide premises for a variety of commercial types of use, such as units for the medical, research and life science sectors.