10.01.2013
BUWOG to strongly expand business in Berlin
• Acquisition of properties with 34,500 m² total space for 520 flats
• Project pipeline to grow to 1,200 residential units as a result
• Germany remains motor of growth for BUWOG
BUWOG Meermann, a subsidiary of Austrian residential company BUWOG, which is wholly owned by the listed real estate company IMMOFINANZ Group, has acquired three properties in Berlin with 34,500 m² total space. 520 flats will be built on these properties, 320 of them in the district of Treptow-Köpenick and 200 in Berlin-Mitte. Following the market launch in May 2012 with the takeover of real estate developer CMI AG (now BUWOG Meermann), this is another step toward expansion on the Berlin residential market. After the latest property purchase in Berlin, BUWOG Meermann has a project pipeline totalling approximately 1,200 new flats.
This press release was dispatched via the press office of BUWOG.
• Project pipeline to grow to 1,200 residential units as a result
• Germany remains motor of growth for BUWOG
BUWOG Meermann, a subsidiary of Austrian residential company BUWOG, which is wholly owned by the listed real estate company IMMOFINANZ Group, has acquired three properties in Berlin with 34,500 m² total space. 520 flats will be built on these properties, 320 of them in the district of Treptow-Köpenick and 200 in Berlin-Mitte. Following the market launch in May 2012 with the takeover of real estate developer CMI AG (now BUWOG Meermann), this is another step toward expansion on the Berlin residential market. After the latest property purchase in Berlin, BUWOG Meermann has a project pipeline totalling approximately 1,200 new flats.
This press release was dispatched via the press office of BUWOG.
IMMOFINANZ – a publicly listed European commercial real estate group with focus on two asset classes: Office and retail in eight core markets.