Unternehmensgruppe Nassauische Heimstätte | Wohnstadt acquires a further building section of Traumhaus AG

- Another forward deal closed

- Start of construction in the 2nd half of 2021

Wiesbaden 24 November 2020 - Traumhaus AG has sold a further construction phase in Wiesbaden to the Nassauische Heimstätte | Wohnstadt (NHW) group of companies. The acquisition is structured as a forward deal. Otfried Sinner, CEO of Traumhaus AG, says: "With this institutional sale, we have once again been able to successfully demonstrate our growth and sales strategy in the multi-family house sector". Dr. Constantin Westphal, NHW Managing Director for Acquisition, Project Development and Real Estate Management, adds: "NHW stands for affordable housing in Hesse. In the future, our portfolio is expected to grow from 60,000 to 75,000 flats. The acquisition of projects like this one will help us to achieve this goal".

This building section is one of a total of three construction phases in Wiesbaden Erbenheim. A total of 48 flats will be built on the building project now sold, 21 of which are subsidised. Construction is scheduled to start in the second half of next year. The sales volume amounts to around EUR 13.7 million. Last year, Traumhaus AG had already sold the first two building sections to NHW, also by forward deal. A total of 174 flats - 64 of which are subsidised - and seven commercial units will be built on the three construction phases with a total of 13,600 sqm of residential/usable space. The first phase has already been under construction since the beginning of the year, and the ground-breaking ceremony for the second phase will take place this year after the building permit was issued on 18 November.

Traumhaus AG

Traumhaus AG, founded in Wiesbaden in 1993, is an experienced provider of innovative housing concepts and serial construction in solid building methods. The company covers the entire value chain: from land purchase (from 3,500 sqm) and project development through construction and marketing to the subsequent management of the properties. The leitmotif is: "We have the solution for affordable housing". An essential success factor for this is the sophisticated standardization of all process steps. Since August 2018, the company has been listed on the Munich Stock Exchange in the market segment m:access as well as in the over-the-counter market of the Frankfurt Stock Exchange and in Xetra trading.
 

Unternehmensgruppe Nassauische Heimstätte | Wohnstadt

The Unternehmensgruppe Nassauische Heimstätte | Wohnstadt (NHW), based in Frankfurt am Main and Kassel, has been providing comprehensive services in the areas of housing, construction and development for almost 100 years. It employs around 750 people. With around 59,000 rental flats in 130 towns and communities in Hesse, it is one of the ten leading German housing companies. The Wiesbaden Regional Centre manages around 11,600 flats, including around 5,800 flats directly in Wiesbaden, and has a branch office in Darmstadt with the service centre. Under the NHW brand ProjektStadt, areas of expertise are bundled to carry out sustainable urban development tasks. The group of companies is working on increasing its housing stock to 75,000 flats in the long term and developing it in a climate-neutral way by 2050. www.naheimst.de