HIH Invest Real Estate has acquired two new-build developments in Lampertheim in southern Hesse. The Wilhelm Quartier development is characterised by its central location, while the Amselpark development offers a residential format aimed at families within a quiet housing estate. The schemes total over 3,700m² of lettable residential floor area and 275m² of the lettable commercial area will be created in both locations. The modern residential buildings will be constructed to the sustainable KfW efficiency house 55 EE standard, and will be supplemented by an underground car park and outside facilities with high-end landscaping. Construction will start in the first quarter of 2022, the completion is scheduled for early 2024. Both developments were acquired for the “Deutschland Wohnen Invest” fund, for which more than €200m in equity have already been raised. Additional developments worth more than €300m are currently undergoing the due diligence process.
Nadine Robra, Team Leader Transaction Management Germany at HIH Invest, commented on the acquisition: “The new residential quarters are being built in established locations with a sound local infrastructure of grocery retailers, schools and restaurants available directly in the vicinity. The two developments form an excellent combination of central inner-city micro-location and a family-friendly residential environment. We are planning diversified dwelling sizes with flexible floor plans to meet different accommodation needs.”
“Sustainability is of chief priority at either housing construction project. In line with our ESG strategy, we are committed to a high-end building standard in order to ensure long-term quality of use, and to a high energy efficiency according to the KfW 55 EE standard. We will install EV charging facilities in the underground car parks and at the surface parking spots, as well as a sufficient number of bicycle parking spaces,” said Tom Kircher, Fund Manager at HIH Invest.
Ansgar Pape, member of the Investment Committee Residential at Warburg-HIH Invest, added: “Lampertheim and its surroundings are part of an economically very strong area within reach of the Rhine-Neckar metro region where demand for housing just keeps on rising. Despite the demographic trend, new-build construction activities in the region remain sluggish. With our family-friendly and age-appropriate neighbourhood developments, we are creating urgently needed residential accommodation equally suitable for the needs of families, seniors or singles.”
