Cologne: GAG Immobilien acquires residential building site


GAG Immobilien has now acquired a municipal land plot at Siegburger Straße in Cologne. This, together with a previously purchased private property, provides land totaling around 7,300 sqm for the “Poller Damm” construction project. The company intends to build 89 publicly subsidized apartments and two facilities for residential groups. Plans call for a total living space of 6,500 sqm plus 73 underground parking spaces. Construction is expected to start in summer 2020, with completion scheduled for summer 2022.

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