Stuttgart, 17 September 2019. Consus Real Estate AG (“Consus”) yesterday celebrated the laying of the foundation stone for the new residential construction project “dreizeit – Wohnen an der Villa Berg” which is being developed in Stuttgart. The ceremony – in the presence of Stuttgart’s mayor for economic affairs, Thomas Fuhrmann – marks the symbolic commencement of construction of the ensemble of buildings. This new residential complex with the address Sickstrasse 145-149 comprises three buildings with a total of 48 individually owned apartments in the historical “Villa Berg” park and is scheduled for completion in 2020. The “Berg” district, which is located above the river Neckar and part of Stuttgart’s city centre, ranks among the most sought-after residential areas in the capital of Baden-Wuerttemberg. “This will truly benefit Stuttgart,” said a visibly pleased Thomas Fuhrmann at the foundation stone ceremony.
“Stuttgart is one of the Top 7 real estate locations in Germany and apartments there are in demand – as they are in every metropolis. We are developing an ambitious residential project in a first-class location to meet this demand,” explains Jörg Kesting, the managing director of CONSUS Development GmbH. “The ‘dreizeit’ project offers its future residents proximity to the city centre combined with the tranquillity of a park.” There are numerous leisure-time and shopping possibilities within easy walking distance, and Unterer Schlossgarten park is only a few minutes away on foot. “In this manner we are facilitating an urban lifestyle in the heart of a district steeped in history and surrounded by green areas which cannot see any additional construction work,” adds Kesting.
The three structures of the “dreizeit” ensemble will each have five storeys. It is planned to build two- to four-room apartments measuring 61 to 136 square metres with high-quality fit-outs. To date 70% of the apartments have already been sold, further testimony to the demand for premium residential real estate in Stuttgart.
About Consus Real Estate AG
Consus Real Estate AG (“Consus”) with its head quarter in Berlin is the leading property developer in the top 9 cities in Germany. The development portfolio of Consus had a gross development value (GDV) of EUR 10 bn as of 30 June 2019. Consus focuses on the development of entire neighbourhoods (‘quartiers’) and standardised flats 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 delivers property management and related services through its subsidiaries CG Gruppe AG and Consus Swiss Finance AG. Consus’s 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.