DGAP-News: Traumhaus AG / Key word(s): Real Estate/Disposal
Traumhaus AG realises institutional sale in Wiesbaden Erbenheim to INDUSTRIA WOHNEN
First institutional sale of a terraced house development
Wiesbaden, December 23, 2020 - On December 21, 2020, Traumhaus AG sells the planned project development "Auris" in Wiesbaden Erbenheim to INDUSTRIA WOHNEN. The purchase price is approximately 21,700,000 euros and includes 42 terraced houses distributed over eight rows of houses and an underground garage on a plot of approximately 7,781 square meters. INDUSTRIA WOHNEN is acquiring the new residential units for the real estate mutual fund it manages. The building application was submitted on December 21, 2020.
This institutional sale is another milestone for Traumhaus AG, as previously only multi-family houses were acquired by institutional investors. The fact that terraced house developments are now also being given an institutional format provides proof of Traumhaus AG's functioning strategy of making greater inroads into this segment and acting in a forward-looking, competitive manner.
About Traumhaus AG
Traumhaus AG, founded 1993 and based in Wiesbaden, is an experienced provider of innovative housing concepts and serial construction in solid building methods. The company covers the entire value chain: from land purchase (from 3,500 sqm) and project development through construction and marketing to the subsequent management of the properties. The leitmotif is: "We have the solution for affordable housing". An essential success factor for this is the sophisticated standardization of all process steps. Since August 2018, the company has been listed on the Munich Stock Exchange in the market segment m:access as well as in the over-the-counter market of the Frankfurt Stock Exchange and in Xetra trading.
About INDUSTRIA WOHNEN
INDUSTRIA WOHNEN is a specialist for investments in German residential real estate. The company, headquartered in Frankfurt am Main, opens up investments in apartments in economically strong locations throughout Germany to private and institutional investors and offers a comprehensive service package in asset and property management. INDUSTRIA WOHNEN currently manages a volume of more than EUR 3.0 billion in the German residential market, drawing on its experience of more than 65 years in the market. As an asset manager, INDUSTRIA WOHNEN serves private and institutional investors and can look back on a transaction volume of €1.2 billion transacted in 2019. INDUSTRIA WOHNEN's acquisition strategy is focused on both new construction and portfolio investments.
INDUSTRIA WOHNEN is a subsidiary of Degussa Bank AG.
23.12.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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