Building permits issued for two more apartment buildings at Consus Real Estate AG’s Brauhöfe development in Passau
• Conversion and redevelopment of the former brewery site proceeding as planned
• 145 new apartments in the heart of the city
Passau, 7 May 2020: The development of the new Brauhöfe quarter in Passau is proceeding as planned. Consus Real Estate AG has received building permits for two more apartment buildings on the former site of the traditional Peschl brewery in the heart of Passau. With its Brauhöfe development, Consus Real Estate AG is creating a total of 32,000 square metres of commercial and residential space. The first residential building, with a gross floor area of 7,800 square metres, is already under construction. The two new apartment schemes will accommodate a total of 145 apartments and are located in the site’s southern section, adjacent to Spitalhofstraße and Auerspergerstraße.
“The quality of the quarter’s open spaces makes it easily accessible for both pedestrians and cyclists, while the residential courtyards create a uniquely urban living and working atmosphere for users and residents”, explains Peter Gerding, Project Manager at Consus Development GmbH & Co. KG.
The U-shaped buildings will each feature three full storeys and a penthouse level and are set around inner courtyards. Wohnhof 2 will have a gross floor area of 8,390 square metres and accommodate commercial space, 64 rental apartments and 108 underground parking spaces. Wohnhof 3, with 8,400 square metres of gross floor area, will be home to 81 apartments, commercial space and 102 underground parking spaces. Of the 81 apartments, 46 are publicly subsidised.
“Demand for apartments in central Passau is high. We are delighted that we can now redevelop the Brauhöfe site and write a new chapter in this traditional site’s history”, says Jörg Kesting, Managing Director of Consus Development GmbH & Co KG.
Once completed, the site will feature a variety of commercial spaces and a hotel next to the three residential buildings. The total investment volume amounts to more than EUR 100 million. Brauhöfe is scheduled for completion in early 2023.
About Consus Real Estate AG
Consus Real Estate AG (“Consus”), headquartered in Berlin, is the leading real estate developer in Germany’s Top 9 cities. Consus Real Estate’s development portfolio had a gross development value (GDV) of EUR 12.3 billion as of 31 December 2019. Consus focuses on the development of entire neighbourhoods (quarters) and standardised apartments, which are sold to institutional investors in forward deals. In-house construction expertise and the capability to digitalise construction processes allow Consus to operate along the entire property development value chain. Consus manages and executes development projects from planning through construction to transfer of ownership, and provides property management and related services through its subsidiaries CG Gruppe AG and Consus Swiss Finance AG. Consus’s shares are listed in the Scale segment of the Frankfurt Stock Exchange, the m:access segment of the Munich Stock Exchange, and are also traded on XETRA in Frankfurt.