- 32,000 square metres GFA of residential and commercial space, completion in 2023
- Total investment of more than EUR 100 million
Passau, 31 October 2019: Consus Real Estate AG (“Consus”) launched its sales and marketing campaign for the Brauhöfe Quartier development in Passau on 31 October 2019. Consus is developing the new, future-oriented neighbourhood on the 22,000-square-metre site of the former Peschl brewery. Consus is investing more than EUR 100 million in the neighbourhood development, which comprises three modern residential buildings, several commercial units and a hotel. Brauhöfe Quartier will have a gross floor area of 32,000 square metres for living and working in the centre of the university town rich in tradition. Construction on the first residential building, named auers after the neighbouring Auerspergstrasse, is set to begin at the end of Q1 2020. Final completion is scheduled for early 2023.
“Our announcement of the marketing campaign for the first 82 residential units, which will be built in the first of the four complexes, has met with strong interest. Numerous buyers have already reserved their chosen units”, says Philipp Wadenpohl, Head of Transaction at Consus Real Estate AG.
To read more about the new Brauhöfe Quartier in Passau, please visit: [www.auers-passau.de]
Consus Real Estate AG (“Consus”) with its headquarters in Berlin is the leading property developer in the top nine cities in Germany. The development portfolio of Consus had a gross development value (GDV) of EUR 10 billion as of 30 June 2019. Consus focuses on the development of entire neighbourhoods (‘quartiers’) and standardised apartments that it forward sells to institutional investors. The in-house construction expertise and the digitalisation of construction processes allow Consus to operate along the entire property development value chain. Consus implements development projects from planning through construction to transfer of ownership, as well as delivering property management and related services through its subsidiaries CG Gruppe AG and Consus Swiss Finance AG. Consus’ shares are included in the Scale segment of the Frankfurt Stock Exchange and the m:access segment of the Munich Stock Exchange and are traded on XETRA in Frankfurt, among others.