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Salzgitter

University property: City sells to land

The state of Lower Saxony buys a plot of land from the city of Salzgitter with buildings that have been rented since the mid-1990s for the Salzgitter-Calbecht site of the Ostfalia University of Applied Sciences.

Representatives of the city, the state and the university show the contract.

"It's a classic win-win deal," explains Lower Saxony's Finance Minister Peter-Jürgen Schneider. For Lower Saxony, it is more economical to buy a property than to rent it permanently. At the same time, the state is thus fulfilling an agreement that was made with the city of Salzgitter when the University of Applied Sciences was established, whereby the city had made a considerable financial contribution. These advance payments were originally to be honored by the end of 2004 at the latest after a ten-year period of use through the purchase of the property by the state. "In contrast to the previous state government, we are keeping our word and are now ensuring clear ownership," said Schneider.

Explanations and notes

Picture credits

  • A. Kugelis
  • City of Salzgitter
  • City of Salzgitter / A. Kugellis