With the notarization, the nationwide project developer and portfolio holder GIEAG Immobilien AG has finally completed the sale of its portfolio property in Heidenheim. The residential property contains 80 apartments and is fully let with the exception of two residential units.
The residential complex with nine full stories encloses a large landscaped outdoor area and is accessed to the south. The property was built in 1964 with a rental area of 5,814 m², distributed over 80 residential units. The apartments, which are accessible via an elevator, are in good structural condition and feature well thought-out floor plans and balconies. The complex offers 27 parking spaces on a plot size of 7,129 m².
The apartment building is located in a quiet and natural location in the northwest of Heidenheim with optimal connections. The city center can be reached in a few minutes by bus. In addition, the central feeder roads can be reached in just a few minutes by car. There are numerous educational and leisure facilities in the vicinity of the ensemble, especially for families.
The buyer is Schwäbische Grundbesitz GmbH. The marketing of the “South Duo” asset is being supported by the Stuttgart and Munich residential investment team of BNP Paribas Real Estate GmbH. The transaction has been executed as an asset deal. The second existing property in “South Duo” is a residential complex in the Nuremberg region, which is also up for sale.
GSK Stockmann acted as legal advisor and Deloitte GmbH Wirtschaftsprüfungsgesellschaft as tax advisor for GIEAG Immobilien AG.
GIEAG is a family-run Munich real estate stock corporation. The shares of GIEAG Immobilien AG are traded on the Munich Stock Exchange as well as the Frankfurt Stock Exchange and Xetra. 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 22 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.