German real estate firm Aurelis is to develop four office buildings in the centre of Nuremburg.
German real estate firm Aurelis is to develop four office buildings in the centre of Nuremburg.
The project, called Marienzeile, will cover a total of 30,000 m2 on Bahnhofstrasse, with space for restaurants and retail on the ground floor.
‘We estimate an investment of around €56 mln. In addition, we will assume costs for the redesign of the Bahnhofstrasse, which will be grassed and widened,’ said CEO Stefan Wiegand. ‘Together with other projects in recent years, we have invested around €90 mln in Nuremberg.’
No anchor tenants have yet been found.
In February this year, German builder Hochtief sold it’s 43% stake in Aurelis to a consortium led by private equity firm Grove International, which already owned half of Aurelis.
