GSK Stockmann advised Catella Investment Management GmbH on the acquisition of two developments in the “Liesel Quartier” in Göttingen.
The two planned residential buildings, including a day-care centre, in the “Liesel Quartier” development in Göttingen were acquired on behalf of an individual client. The seller is WERTGRUND Wohnpartner GmbH, a joint venture between Wertgrund Immobilien AG and Bautra GmbH. WERTGRUND Wohnpartner is also acting as the project developer for the new neighbourhood.
The Liesel Quartier development will involve the construction of around 570 apartments with a total living space of 44,000 square metres in several phases on a site covering around 37,000 square metres. Approximately 40% of the apartments will be subsidised, offered at reduced rates or subject to rent controls. Construction is set to begin in December 2025, with completion scheduled for 2027.
The transaction concerns the acquisition of buildings H40 and H50 on the southern part of the construction site. They comprise a total of 118 privately financed apartments, ranging in size from 41 to 86 square metres, with a total rental area of 7,810 square metres, as well as an underground parking garage. The planned five-storey buildings will be constructed to the German Efficiency House 40 (EH 40) standard and will be connected to the district heating network operated by Göttingen’s municipal utility company.
Advisers of Catella Investment Management GmbH at GSK Stockmann:
Jan Kramer (lead, Real Estate Transactions & Project Development), Sascha Zentis (Real Estate Transactions & Investments), Kristina Marx, LLM (Public Law), Anna-Lena Diedrich (Real Estate), Dr Metin Tatu (Real Estate Transactions & Project Development)
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GSK STOCKMANN Jan Kramer Bockenheimer Landstr. 24 60323 Frankfurt am Main T +49 69 710003 - 128 F +49 69 710003-144 |
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GSK STOCKMANN Christina Holl Karl-Scharnagl-Ring 8 80539 Munich T +49 89 288174-275 F +49 89 288 174-44 |
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