Real estate investor from Frankfurt buys Mainz residential area

Real estate investor from Frankfurt buys Mainz residential area

The capital of Rhineland-Palatinate, Mainz, is part of the Rhine-Main area and is therefore one of the strongest economic regions in Germany. As the seat of numerous state authorities, media location, university town and industrial centre, Mainz with its more than 2000 year history is a sought-after place to live, live and work. More than 200,000 people live here, the demand for housing is high and investments in residential real estate are worthwhile. This article is based on the unique List of the 400 largest German real estate investors in Germany.

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205 new apartments in the upper city of Mainz

This is why the Frankfurt real estate investor Industria Wohnen has recently acquired a project site for a new residential quarter on the Rodelberg in Mainz. The area covers an area of 16,220 square meters. A total of 205 residential units with a good 15,000 square meters of living space are to be built here by the end of 2022. 150 underground and outdoor parking spaces are also planned. The residential buildings will meet the KfW-55 energy efficiency standard. One quarter of the apartments will be publicly funded with rent control as a condition. The rent will be below eight euros per square metre.

The Rodelberg is part of the Oberstadt district of Mainz, which adjoins the historic old town to the south and southwest. Among other things, the campus of the University of Mainz is located in this quarter. Industria Wohnen is a real estate investor operating nationwide. The company, founded in 1954, is owned by Degussa Bank AG, which in turn is part of the Warburg group of companies, to over 90 percent. As reflected in the company name, Industria Wohnen is involved in residential real estate. The company owns more than 16,000 apartments nationwide. The acquisition of apartments is carried out for Industria Wohnen funds. The Mainz project is intended for the special AIF “Wohnen Deutschland VII”. The investment volume is around 92 million euros.
Source: Immobilien Zeitung Picture source: Unsplash

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