Erlangen: Sontowski sells residential project for €12mn


Sontowski & Partner has sold its residential project in Erlangen called “Campus Trainee” to the St. Joseph Foundation in Bamberg, reporting that the transaction volume amounted to approximately €12mn. The project is planned for the Röthelheimpark district and will provide 146 apartments for junior Siemens employees. A ten-year lease to Siemens has been signed for this purpose. The deal was brokered by Sparkassen Gewerbe-Immo, the investment services provider of the Bavarian Savings Banks.

TD Premium

Subscribers to our premium service have access to this article in full as well as to an additional 510,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.

TD Premium is Germany’s leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.