S&P Commercial Development, a subsidiary of Sontowski & Partner Group, has sold the residential and commercial building "Hainberg Quartier" in Nuremberg to Nuveen Real Estate for its German living impact strategy. The four-storey mixed-use property at Maria-Ward-Straße 4 comprises 45 rental apartments, including 24 subsidised units, as well as around 1,500 m² of retail space, for which EDEKA has been won as a long-term tenant. The total gross floor area is around 5,200 m².
"With the Hainberg Quartier, we are expanding our portfolio with a high-quality residential investment in a growing metropolitan region," explains Morten Olesen, Head of Investment Housing and Alternatives for Germany at Nuveen Real Estate. "The project convinces with its sustainable building approach, a socially balanced living concept and integrated local supply. This makes the property an excellent fit for our German living impact strategy."
The living impact strategy focuses on sustainable residential real estate in German cities and on the creation of affordable housing, as well as on projects that contribute to the development of stable and lively neighbourhoods. Particular emphasis is placed on long-term valuable investments with a measurable social and ecological impact.
"With Nuveen Real Estate, we have found a buyer who fits very well with the long-term profile of the property," says Niklas Kamm, Managing Director of S&P Commercial Development. "We are currently seeing a noticeable revival of investor activity in the residential and retail segment. The great interest in the Hainberg Quartier with several offers confirms this development. At the same time, the high demand for the rental apartments - a large part of which has already been rented - shows how attractive the location and concept are."
The Hainberg Quartier pursues a holistically sustainable building concept. The property meets the BEG 55 EE efficiency house standard and is aiming for DGNB Gold certification. The energy supply is provided by an air-to-water heat pump in combination with a photovoltaic system. In addition, green roof areas, charging infrastructure for electromobility and rainwater management measures contribute to resource-saving and future-oriented building operation.
The location in the southwest of Nuremberg combines closeness to nature with very good transport connections. There is a fast connection to the city centre and the region via the A73 and the nearby Nuremberg-Stein S-Bahn station as well as the upcoming underground connection.
The sellers were advised by Bissel + Partner, the buyers by Luther Rechtsanwaltsgesellschaft mbH. The transaction process was managed by Savills Germany.
