DGAP-News: Noratis AG
/ Key word(s): Real Estate
Noratis AG successfully expands its real estate portfolio in Hesse
Eschborn, 17 November 2021 - Noratis AG has been able to successfully continue to expand its real estate portfolio in Hesse: at two locations at the same time - in Niederrodenbach in the Rhine-Main region and in Bensheim at the southern Hessian Bergstrasse - further residential properties have been added.
The property in Niederrodenbach was built in 1969. The total living space amounts to around 700 m² and consists of ten residential units which have a size of between 45 and 75 m². The new acquisition impresses with its attractive location: convenience stores and public transport are within walking distance and can be reached in a few minutes. Moreover, kindergartens and schools are in the immediate vicinity.
In Bensheim, Noratis AG already owns a portfolio and was able to expand it through the acquisition of two three-storey complexes in a residential area close to the inner city. The overall living space amounts to 2,500 m² and is distributed over a total of 32 units. The two properties, which were built in 1969/70, are easily accessible: the A5 motorway is only a few minutes away by car.
Restaurants, shopping facilities and kindergartens are within walking distance.
Leopold Stolberg, Head of Investment at Noratis AG,emphasises: "We are pleased that with these two new acquisitions we can expand our inventory portfolio in our home region." The Rhine-Main area is an economically powerful region which has become even more attractive during the past years and records a steady population growth." As a portfolio developer headquartered in Eschborn, we are not only very well connected in the metropolitan region, but are also planning to continuously expand our portfolios," Stolberg adds.
Noratis AG (www.noratis.de) is a leading portfolio developer of residential properties in Germany. The company identifies and realizes potentials for tenants, owner-occupiers & investors, thereby creating and preserving attractive and at the same time affordable living space throughout Germany. Noratis specializes in the upgrading of ageing residential portfolios, mostly company-owned apartments, residential areas, or housing estates in cities with more than 10,000 inhabitants and in peripheral areas of conurbations. After a successful development, the properties remain in the company's portfolio or are sold in the medium term to investors and/or individually to existing tenants, capital investors and owner-occupiers. In this way, Noratis creates a noticeable and sustainable added value for all stakeholders: from investors, employees, and financing partners to current and future tenants. Noratis AG is listed on the Frankfurt Stock Exchange.
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17.11.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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