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Commerz Real And Wertgrund Housing Partnership Makes First Investment | News | Ipe Ra

by realassets.ipe.com posted 1week ago 7 views
The JV is forward funding a new residential complex construction in Darmstadt. : A new German residential real estate investment partnership created by Commerz Real and Wertgrund German has acquired its first asset. The venture has agreed a forward funded deal to buy a new residential complex construction in Darmstadt from MAG Projektentwicklungs for an undisclosed sum. The complex, which is located at Haardtring 3 in the Darmstadt West district, encompasses eight apartment houses with a total of 194 two- to four-room apartments on a residential floor area of 15,600sqm, as well as 213 underground car parking spaces.

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