Project fund invests in residential location in Wiesbaden
The institutional project fund “Vier Metropolen” is building 33 condominiums in Wiesbaden with a sale price of approximately €13mn. The investor has purchased a 3,382 sqm building site on Am Parkfeld near Schlosspark Biebrich for the project. The plans call for several tower blocks with three full floors each. This is the seventh development project for the purely equity-based Spezial-AIF. The “Vier Metropolen” is developing more than 380 units in total. The project volume comes to around €167mn.
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