GIEAG Immobilien AG has finally completed the sale of its portfolio property in Heidenheim. The residential property contains 80 apartments and is fully let with the exception of two residential units.
The residential complex with nine full stories encloses a large landscaped outdoor area and is accessed to the south. The property was built in 1964 with a rental area of 5,814m², distributed over 80 residential units. The apartments, which are accessible via an elevator, are in good structural condition and feature well thought-out floor plans and balconies. The complex offers 27 parking spaces on a plot size of 7,129m².
The apartment building is located in a quiet and natural location in the northwest of Heidenheim with optimal connections. The city center can be reached in a few minutes by bus. In addition, the central feeder roads can be reached in just a few minutes by car. There are numerous educational and leisure facilities in the vicinity of the ensemble, especially for families.
The buyer is Schwabische Grundbesitz GmbH. The marketing of the "South Duo" asset is being supported by the Stuttgart and Munich residential investment team of BNP Paribas Real Estate GmbH. The transaction has been executed as an asset deal. The second existing property in "South Duo" is a residential complex in the Nuremberg region, which is also up for sale.