DGAP-News: Traumhaus AG: Nassauische Heimstätte acquires construction projects from Traumhaus AG
DGAP-News: Traumhaus AG
/ Key word(s): Real Estate/Disposal
Nassauische Heimstätte acquires construction projects from Traumhaus AG - Forward deal closed - Start of construction of both projects in Wiesbaden 2020
Wiesbaden 07 October 2019 - Traumhaus AG has sold two construction projects in Wiesbaden to Nassauische Heimstätte. The acquisition follows a forward deal. Otfried Sinner, CEO of Traumhaus AG, says: "This step shows that we as a provider of affordable housing are also attracting great attention from institutional investors. "For Nassauische Heimstätte", says Managing Director Dr. Constantin Westphal, "the acquisition is a further step on our growth path, at the end of which we want to grow to up to 75,000 apartments. Wiesbaden is a location that we will continue to focus on". The construction projects are both located in Wiesbaden Erbenheim. The Egerstraße residential project comprises five apartment buildings with 70 apartments. The object of purchase comprises two underground garages with a total of 73 parking spaces. In Bahnstrasse, the same number of multi-storey buildings will be built with an expected 56 residential and seven commercial units. In this project, there will also be two underground garages with 73 parking spaces, and outside parking spaces will also be built. Around 30 percent of the 126 apartments in total will be offered at low cost in the subsidised segment. Both construction projects have a respective residential/usable space of 5,171 sqm. The apartment sizes are between 55 and 100 sqm. The start of construction for both projects is 2020. Completion is agreed no later than 30 months after the start of construction. Both properties will be let by Nassauische Heimstätte.
Traumhaus AG Nassauische Heimstätte Group of Companies | Wohnstadt
Additional features: Document: http://n.eqs.com/c/fncls.ssp?u=GEFTDAJTJV Document title: CN_071019_Traumhaus AG_Nassauische Heimstätte_ENG_Building Projects Wiesbaden
07.10.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Traumhaus AG |
Borsigstraße 20a | |
65205 Wiesbaden | |
Germany | |
Phone: | +49 (0) 6122 586 53 0 |
Fax: | +49 (0) 6122 586 53 53 |
E-mail: | [email protected] |
Internet: | www.traumhaus-familie.de |
ISIN: | DE000A2NB7S2 |
WKN: | A2NB7S |
Listed: | Regulated Unofficial Market in Frankfurt, Munich |
EQS News ID: | 885995 |
End of News | DGAP News Service |
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885995 07.10.2019