Instone vende a LEG il progetto di 104 unità residenziali nel district “Wohnen im Hochfeld” a Dusseldorf

Instone Real Estate and LEG already completed the purchase agreement for realisation of the first phase of construction in the “Wohnen im Hochfeld” district in Dusseldorf-Unterbach at the end of 2019. Of the 104 apartments sold, 16 units will be publicly subsidised, 66 are planned as reasonably priced living space, and 22 units will be privately financed. In addition, the acquisition by LEG includes a children’s day care centre and a range of smaller commercial units in the neighbourhood development project. The transaction was treated as an asset deal. The parties have agreed not to disclose the purchase price.

Besides 360 apartments, a day care centre with five groups of children and smaller-scale commercial units will be developed on the approximately 55,000 square metre large site. The sub-project sold forms the southern border of the district to Gerresheimer Landstrasse. Building permit applications have been submitted to the authorities for the initial development sites.

Dusseldorf is currently demonstrating a particularly dynamic population trend. IT.NRW predicts a 14% rise in the population by 2040, which would see the population of North Rhine-Westphalia’s state capital breaking through the 700,000 inhabitant mark.

In addition to its “Wohnen im Hochfeld” neighbourhood located in natural surroundings, Instone is also developing and building the “Niederkasseler Lohweg 20” residential project in Dusseldorf.

Source : Instone Real Estate