Erlangen: Sontowski sells residential project for €12mn

07/07/2011

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.


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