Traumhaus AG: Nassauische Heimstätte acquires construction projects from Traumhaus AG
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 Traumhaus AG, founded in Wiesbaden in 1993, 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.
Nassauische Heimstätte Group of Companies | Wohnstadt The Nassauische Heimstätte | Wohnstadt group of companies, based in Frankfurt am Main and Kassel, has been offering comprehensive services in the areas of housing, construction and development for 95 years. It employs around 730 people. With around 58,000 rented apartments in 128 cities and municipalities, it is one of the leading German housing companies. The Wiesbaden Regional Centre manages around 11,600 apartments, including around 5,800 apartments directly in Wiesbaden, and has a branch office in Darmstadt in the form of the Service Centre. Under the "ProjektStadt" brand, fields of competence are bundled in order to carry out sustainable urban development tasks. Investments of around EUR 1.9 billion are planned in new residential construction and existing housing stock by 2023. 4,900 additional apartments are to be built over the next five years.
Press contact: Traumhaus AG Nassauische Heimstätte Contact Investor Relations Michael Bussmann +49 6122 58653 - 68 email@example.com Press Spokesman Jens Duffner +49 69 6069 1321 firstname.lastname@example.org Contact Public Relations Torsten Biallas, b-communication +49 89 4524 6970 / +49 172 email@example.com
Additional features:Document: http://n.eqs.com/c/fncls.ssp?u=GEFTDAJTJVDocument title: CN_071019_Traumhaus AG_Nassauische Heimsta?tte_ENG_Building Projects Wiesbaden
07.10.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: 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: firstname.lastname@example.org 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