The Stuttgart-based Variond Group acquired an apartment building with 30 units in Taucha near Leipzig. The property, which was built in 1930, has a lettable area of around 1,800 m². BNP Paribas Real Estate and Falkenhain Invest GmbH acted as intermediaries in the transaction. The purchase price was not disclosed.
"With this acquisition, the Variond Group underlines its strategy of investing in attractive locations in Germany and continuously expanding its activities. The Group will continue to look for further investment opportunities in the Leipzig region in order to strengthen its presence in this dynamic region," says Fabian Neshati, Managing Director of the Variond Group.
