Bonava Sells Rental Apartments in Germany

Bonava is selling a package of 89 rental apartments in Düsseldorf, Germany to the investor WOHNBAU GmbH from Bonn.

The homes are expected to be completed and handed over to the customer in the fourth quarter of 2026. Production start will occur in the third quarter of 2024.

“Interest in our rental housing projects is high, and in the investor segment, buyers and sellers are starting to find each other again,” says Peter Wallin, CEO of Bonava.

In addition to the 89 publicly subsidized rental apartments, the package includes 42 parking spaces in an underground parking garage and a commercial unit of approximately 160 square meters. Furthermore, parking spaces with charging stations for electric vehicles will be installed, and a car pool with electric cars will be established.

The translation was written by an AI system, though the original text was authored by a human.