Hamburg Trust acquires residential and commercial building in Hilden near Düsseldorf

  • Third purchase already for the only recently launched residential real estate fund domiciliumINVEST for institutional investors

 

Hamburg, 4 October 2018. The investment and asset manager Hamburg Trust has acquired a residential and commercial building with underground parking in Hilden near Düsseldorf. The upper levels of the property will feature a total of 105 apartments with almost 6,500 square meters of living space, while the ground floor will comprise around 1,300 square meters of retail space. Completion of the property at Beethovenstraße 35 is scheduled for the spring of 2020.

The town of Hilden is to be found in a central location in North Rhine-Westphalia in the Mettmann district. It adjoins the south-east of Düsseldorf. Düsseldorf’s city center is readily accessible by car via the highways A3 and A46 as well as various means of public transport within 20 minutes.

“Given the high demand for living space and the lack of real estate available, we consider Düsseldorf an attractive market. This also applies to towns like Hilden in Düsseldorf’s surroundings, where vacancies are almost as rare as in Düsseldorf, but the purchase prices are lower,“ says Oliver Priggemeyer, COO with Hamburg Trust.

domiciliumINVEST is one of Hamburg Trust’s six funds for institutional investors. The special fund with a target volume of 600 million Euros invests in a vast range of different residential properties in metropolises and medium-sized towns with populations and economies which develop dynamically.

Posted on 17. October 2018 in Allgemein

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