Ingolstadt: Gerchgroup plans urban quarter for €800mn
The Gerchgroup is starting a second project in Ingolstadt after the “IN-Tower”, with plans to build a new urban quarter on an approx. 128,000 sqm site on Römerstrasse in the coming years. The company disclosed a possible investment volume of €800mn. The site’s current tenant, the spinning machine manufacturer Rieter, will relocate to another area on the site. The new quarter will primarily hold apartments, along with office and retail areas and a day care center. A landmarked warehouse is to be converted and refurbished in addition to the new construction. The Gerch Group was advised on the transaction by Rotthege Wassermann, Düsseldorf. BWFD acted as broker.
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