UniImmo Wohnen ZBI buys Salucci Höfe in Esslingen
ZBI Fondsmanagement is acquiring the housing project Salucci Höfe in Esslingen, where ground was broken yesterday, from Godel Planen und Bauen, which is part of the Godel Group. The purchase was done as a forward deal for the open-ended private real estate fund UniImmo: Wohnen ZBI, which was launched by ZBI and Union Investment. 126 rental apartments with about 10,170 sqm, among them privately financed units, mid-income units, and subsidized units will be developed on the site on Weilstraße, formerly a sports field. Plans also include a day care center, seniors’ apartments, and a community center. Completion is anticipated in the summer/fall of 2021. The building permit was issued in November 2018. E&G Real Estate of Stuttgart brokered the deal as part of an exclusive sales mandate.
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