- About 3,700 sqm of lettable residential and 275 sqm of commercial floor area to be created
- Developments earmarked for the “Deutschland Wohnen Invest” fund
- Sustainable residential quarters for families, seniors, and singles
Hamburg, 11 November 2021 – HIH Invest Real Estate (“HIH Invest”) just acquired two new-build developments in Lampertheim, a town in the Kreis Bergstrasse district in southern Hesse: The Wilhelm Quartier development is characterised by its central location, while the Amselpark development offers a residential format aimed at families within a quiet housing estate. A combined total of over 3,700 sqm of lettable residential floor area and 275 sqm of lettable commercial area will be created in both locations. The modern residential buildings will be constructed to the sustainable KfW efficiency house 55 EE standard, and will be supplemented by an underground car park and outside facilities with high-end landscaping. Construction will start in the first quarter of 2022, the completion being scheduled for early 2024. Both developments were acquired for the “Deutschland Wohnen Invest” fund, for which more than 200 million euros in equity have already been raised. Additional developments worth more than 300 million euros are currently undergoing the due diligence process.
Nadine Robra, Team Leader Transaction Management Germany at HIH Invest, commented the acquisition: “The new residential quarters are being built in established locations with a sound local infrastructure of grocery retailers, schools and restaurants available directly in the vicinity. The two developments form an excellent combination of central inner-city micro-location and a family-friendly residential environment. We are planning diversified dwelling sizes with flexible floor plans to meet different accommodation needs.”
The Wilhelm Quartier complex created in the inner city of Lampertheim will consist of three multi-generation houses that divide into 25 residential and two commercial units. The majority of the apartments will have two bedrooms and an average dwelling floor area of around 61 sqm. Another four units will be constructed with 3 to 4 bedrooms and have an average dwelling floor area of 98 sqm. In addition, two commercial units with a lettable area of 275 sqm will be developed on the ground floor for gastronomy and service use. Due to its central location and its direct access to the local infrastructure, the site is particularly attractive for seniors.
The Amselpark development is located in the middle of a purely residential neighbourhood dominated by single-family detached homes. Transverse buildings in a loosely structured architectural arrangement will deliver 25 family-friendly residential units of two to three bedrooms and an average dwelling size of 81 sqm. Quiet streets with playgrounds and green spaces in the vicinity will primarily attract families.
“Sustainability is of chief priority at either housing construction project. In line with our ESG strategy, we are committed to a high-end building standard in order to ensure long-term quality of use, and to a high energy efficiency according to the KfW 55 EE standard. We will install EV charging facilities in the underground car parks and at the surface parking spots, as well as a sufficient number of bicycle parking spaces,” said Tom Kircher, Fund Manager at HIH Invest.
Ansgar Pape, member of the Investment Committee Residential at Warburg-HIH Invest, added: “Lampertheim and its surroundings are part of an economically very strong area within reach of the Rhine-Neckar metro region where demand for housing just keeps on rising. Despite the demographic trend, new-build construction activities in the region remain sluggish. With our family-friendly and age-appropriate neighbourhood developments, we are creating urgently needed residential accommodation equally suitable for the needs of families, seniors or singles.”
Lampertheim lies around 16 km north of downtown Mannheim, and is part of the direct catchment area of the economically prospering Rhine-Neckar region, home to prestigious corporates like BASF, KSB, SAP or Roche. Direct regional service connections keep the railway commute to Mannheim to 15 minutes, while Lampertheim is also conveniently connected to the motorway network.
“Residential real estate, especially in the segment of three-bedroom flats, remains very much in demand. Also sought-after are locations outside the urban centres – not just because of the price; the pandemic has made living in green settings more attractive again,” elaborated Tom Kircher, fund manager at HIH Invest Real Estate. “The surrounding green spaces and playgrounds enhance the appeal that the Landwehrviertel is supposed to have, especially for families.”
“The collaboration with HIH Invest met our expectations right from the start. We are quite thrilled by their professional handling of the work streams that such a collaboration involves,” said Adrian Khalifé, Managing Director of Salco GmbH, as he commented the joint transaction. “We are glad to have found a partner who attaches great importance to the quality of a property development and who—just like us—sets a high standard for the sustainability of the properties. We look forward to the start of construction in the first quarter of 2022, and are very open to the idea of working with HIH Invest again in future.”
The legal and fiscal due diligence process was handled by Ashurst LLP from Frankfurt. The technical and environmental due diligence (TEDD) was performed by Ernst & Young Real Estate GmbH based in Stuttgart.
“The new residential quarters are being built in established locations, with a sound local infrastructure of grocery retailers, schools and restaurants available directly in the vicinity. The two developments form an excellent combination of central inner-city micro-location and a family-friendly residential environment in Lampertheim. We are planning diversified dwelling sizes with flexible floor plans for various target groups.”
Nadine Robra, Team Leader Transaction Management Germany HIH Invest
“Sustainability is of chief priority at either housing construction project. In line with our ESG strategy, we are committed to a high-end building quality in order to ensure long-term quality of use, and to a high energy efficiency according to the KfW 55 EE standard. We will install EV charging facilities in the underground car parks and atthe surface parking spots, as well as a sufficient number of bicycle parking spaces.”
Nadine Robra, Teamleader Transaction Management Germany HIH Invest Real Estate
“The first construction stages of the quarter, including day nursery and Montessori primary school have already been completed. The new-build quarter offers a family-friendly environment and predominantly flats of two to four bedrooms. In addition to educational facilities, there are businesses that complement the family-friendly residential format.”
Tom Kircher, Fund Manager HIH Invest
“Lampertheim and its surroundings are part of an economically very strong area within reach of the Rhine-Neckar metro region where demand for housing just keeps on rising. Despite the demographic trend, new-build construction activities in the region remain sluggish. With our family-friendly and age-appropriate neighbourhood developments, we are creating urgently needed residential accommodation equally suitable for the needs of families, seniors or singles.”
Ansgar Pape, Member of the Investment Committee Residential HIH Invest
“The collaboration with HIH Invest Real Estate met our expectations right from the start. We are quite thrilled by their professional handling of the work streams that such a collaboration involves. We are glad to have found a partner who attaches great importance to the quality of a property development and who—just like us—sets a high standard for the sustainability of the properties. We look forward to the start of construction in the first quarter of 2022, and are very open to the idea of working with HIH Invest again in future.”
Adrian Khalifé, Managing Director Salco GmbH
