Aengevelt Immobilien is brokering a residential ensemble in the Alte Neustadt district of Magdeburg for a seven-digit euro amount. The buyer is a family office from Saxony-Anhalt, which acquired the property for the targeted and high-quality expansion of its local real estate portfolio. In total, the well-kept listed building comprises more than 30 residential units with a total lettable area of around 2,000 m². The seller is a North Rhine-Westphalian family office that has exclusively commissioned Aengevelt Magdeburg with the sale as part of portfolio restructuring and is planning further sales via Aengevelt. The purchase price was not disclosed.
“As part of portfolio optimisations, the seller commissioned us exclusively with the sale of the well-kept, listed residential ensemble due to our excellent market knowledge. The local buyer, on the other hand, immediately recognised the qualities of the property and consistently secured the properties. The property is located in a sought-after residential area in the Alte Neustadt district and has good public transport connections and various local amenities in the immediate vicinity. In addition, thanks to sought-after apartment sizes, the property offers a high level of rental security as well as additional rent increase potential,” explains André Bühlig, Deputy Branch Manager of Aengevelt Magdeburg, adding: “The sale shows that residential real estate in preferred locations in the state capital of Magdeburg remains in high demand.”
