Hamburg June 4, 2019. HanseMerkur Grundvermögen AG has acquired the “Eschbach Karree” in Bad Homburg for its open-ended real estate special fund HMG Grundwerte Wohnen PLUS II, consisting of 32 barrier-free apartments and a 3,000 m² REWE retail store.
As part of the Rhine-Main agglomeration, Bad Homburg benefits from its proximity to Frankfurt and, due to its particularly high quality of life, is a preferred residential area for mostly well-paid commuters. The property is located in the district Ober-Eschbach, about 2.5 km south of the city center in a residential area. A metro station with direct connection to the city center of Frankfurt is about 150 meters away.
Danny Seubert, Investment Manager at HanseMerkur Grundvermögen AG, is satisfied: “The entire environment is ideally suited for living. The between 50 m² and 170 m² large apartments have functional floor plans and good, market-oriented amenities. All apartments are rented, and REWE has also signed a long-term lease – a very attractive property for our second residential real estate fund. ”
About HanseMerkur Grundvermögen AG:
HanseMerkur Grundvermögen AG bundles all real estate activities of the HanseMerkur insurance group under one roof. It is responsible for the management of a significant, steadily growing real estate asset and is establishing special real estate funds and other investment vehicles in which other institutional investors can participate in addition to the insurance companies of HanseMerkur. Further information at www.hmg.ag.
For further information please contact:
Head of Corporate Communications
HanseMerkur insurance group
Tel .: + 49-40-4119 1691