GIEAG Immobilien AG (GIEAG) celebrated the sale of all 68 apartments and the on-track building progress as part of a summer fête at the property. Guests included the buyers, the planning architects and specialist engineers as well as Geretsried’s First Mayor, Mr Müller, the Third Mayor, Mr. Meinl, and a member of the Managing Board of Sparkasse Bad Tölz-Wolfratshausen, Mr. Spindler. Cherry trees were handed over with a symbolic cutting of red tape.
The team at BARTSCH Immobilien GmbH was responsible for successfully marketing the project.
Philipp Pferschy, a member of GIEAG’s managing board, commented: “We are very pleased that the interest in our project, which was perceptible even during the planning phase, has been confirmed with a 100% sale, and we have met our own claim – according to which properties are not only an asset deal but also create sustainable assets. In parallel to the 68 owner-occupied apartments sold, we are also creating a multi-family building with 30 rented apartments, which is being subsidised with funds from the Bavarian Residential Construction Program. Here too we can already see high demand from tenants even months before completion of the project.”
About GIEAG Immobilien AG (GIEAG)
GIEAG is a family-run Munich based, public limited real estate company. Shares of GIEAG Immobilien AG are traded on the Munich stock exchange. GIEAG’s team of experts guarantees innovative and future-proof concepts. The combination of three asset classes – office, residential and logistics – and its two areas of activities – development and investment – means that the company has a stability that is unique on the market. During the past 18 years GIEAG Immobilien AG has developed and optimised a large number of real estate projects ranging in size from between 1,500 m2 to 145,000 m2 and with individual investment amounts of up to EUR 100 million. A partner-like approach, consistency, secure transactions and speed form the basis of GIEAG’s sustainable value growth.
GIEAG Immobilien AG
Philipp Pferschy
Montgelasstraße 14
81679 München
ir@gieag.de
+49 89 290516-0
PB3C GmbH
Tauentzienstr. 16
10789 Berlin
gieag@pb3c.com
+49 30 726276-152
GIEAG is a family-run Munich real estate stock corporation. The shares of GIEAG Immobilien AG are traded on the Munich Stock Exchange. By combining the three asset classes - office, residential, logistics - and the two service areas of development and portfolio management, the company offers stability that is unique in the market. The GIEAG team of experts is a guarantor for innovative and forward-looking concepts.
Over the past 25 years, GIEAG Immobilien AG has developed and optimised a large number of real estate projects with areas of up to 145,000 square metres and an individual investment sum of 15 to 150 million euros. Partnership, transaction security, perseverance and speed are the basis of sustainable value development for GIEAG.
