magna asset management AG has added 104 new-build apartments in Frankfurt-Gallus to the portfolio of the special AIF MAGNA Wohnen 01 and handed them over to the tenants. This marks the completion of a construction project that magna asset management AG had acquired as a forward deal.
The residential complex was built as a KfW 55 efficiency house. In addition to 6,128 square metres of living space, the complex includes 63 underground parking spaces. The location benefits from its proximity to the financial district, the main train station and good connections to the airport.
“The successful completion of the construction project confirms our strategic approach of investing in high-quality new residential buildings at an early stage. With the handover of the apartments in Frankfurt-Gallus, we have created sustainable value for our investors and at the same time realized urgently needed living space in a dynamic metropolitan region,” says Jens Bodem, CEO of magna asset management AG.
The fund’s KVG service is HANSAINVEST Hanseatische Investmentgesellschaft mbH. Donner & Reuschel AG acts as depositary.
