The project is located along Gunzelinstraße in Peine and consists of eight buildings with 97 residential units. The apartments are mostly divided into 2 to 3-room apartments, 19 of which are barrier-free, 11 are suitable for wheelchairs, with a total living space measuring approx. 8,000 m². The property includes a total of 128 parking spaces, 68 of which are situated in a basement parking garage. The city centre is 900 metres to the north-east and several supermarkets and schools are located in the vicinity. The building has been constructed to very high sustainability standards in line with the German KfW-55 regulation, a high standard energy building.
Danica Cicmil, Fund & Acquisitions Manager at Primevest Capital Partners said: “This asset was acquired in 2021 and our transaction team and technical asset management team have jointly managed the handover of this asset after its completion on 1 February 2022. The project is currently in the phase of initial letting. This project will offer young families and the elderly alike attractive and affordable accommodations in modern, purpose-built apartments within a 10-minute walking distance from the amenities in Peine’s city-centre.”
The project is located to the north-east of the city centre of Peine and encompasses the former indoor swimming pool area, which was closed in 2015, as well as the adjacent landscape and parking lots. Before construction of the indoor pool, the area had initially been used for agriculture and later as garden land. Peine is a medium-sized town located about 40 kms to the east of Hannover and 25 kms to the west of Braunschweig.
The vendor was Graf Gunzelin UG & Co. KG, a subsidiary of Berlin-based MHMI Immobilien-Verwaltungen GmbH.
About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specialises in investments in innovative real assets. At Primevest Capital Partners, our vision is to help our clients to provide for their sustainable financial future by investing in the future of our cities in realising sustainable urban living, improving connectivity, and enabling mobility. Our investment philosophy and vision are energised by the current trend of urbanisation and the ability to fulfil the needs of modern metropolitan communities, while enhancing the quality and sustainability of people’s lives.
From our offices in Utrecht, Eindhoven and Berlin, a team of 70 professionals manage €2.8 billion in assets including sector-focused funds, individual institutional mandates and a number of funds targeting private investors as well as family offices following acquisition of the Holland Immo Group. Primevest Capital Partners is part of Primevest Capital Partners Holding B.V.
For more information, please contact:
Primevest Capital Partners
Lisette van der Ham
Head of Marketing & Corporate Communications
T: +31 6 832 005 61
lisette.vanderham@primevestcp.com
www.primevestcp.com