German fund manager Quantum Immobilien KAG has purchased an apartment development project in the European Quarter of Frankfurt.
German fund manager Quantum Immobilien KAG has purchased an apartment development project in the European Quarter of Frankfurt.
The investment volume comes to €50 mln and the vendor was developer Aurelis. Quantum was acting for its residential spezialfonds Habitare and another fund.
The project will provide 182 apartments over a total floor space of 13,600 m2. There will also be 130 underground parking spaces. Completion of the project is scheduled for the first quarter of 2016.
Habitare now has a portfolio of 5,800 homes valued at €626 mln.
