"The fact that we are completing this deal in the current market situation is proof that our positive and long-term investor relationships are paying off. This is Bonava’s ninth transaction, and fifteenth and sixteenth joint project, with the investor, Industria," says Sabine Helterhoff, Business Unit President, Bonava Germany.

The three apartment buildings to be sold in Leipzig-Portitz are part of the new “Parkstadt-Portitz” residential district and planned to meet the KfW55 standard with heat regeneration and rainwater recirculation. Bonava is also selling six commercial units with a total lettable area of 971 square metres.

Of the 60 units that Bonava is selling in Dusseldorf, the investor will offer 52 of them as publicly subsidised apartments.

The neighbourhood will have a distinct sustainability profile, with features such as greenery and rooftop solar panels. In addition, Bonava is planning to set up a ride-sharing offer and build a large number of bike parking spaces and a bike repair station.