The ECKPFEILER real estate group has secured financing for the second construction phase of its KIRSCHGÄRTEN project in Munich. A commitment of 150 million euros from HypoVereinsbank – UniCredit enables the continuation of work on this urban residential quarter. HypoVereinsbank's involvement underscores the project's importance for the Munich housing market and the creation of urgently needed housing capacity in the Bavarian capital.
The undertaking includes the creation of approximately 500 residential units, the construction of which is made possible by the now secured financing. KIRSCHGÄRTEN is designed as a comprehensive residential quarter that addresses various needs of urban life. The completion of the first construction phases has already taken place, demonstrating the project development's capabilities.
Strategic Partnership and Project Scope
The collaboration with HypoVereinsbank – UniCredit reflects ECKPFEILER's strategic orientation towards realising complex construction projects with reliable partners. The provision of capital of this magnitude is crucial for the continuation of the undertaking, especially given the demands of the Munich real estate market. HypoVereinsbank – UniCredit acts as the sole financing partner for this significant construction phase.
The overall KIRSCHGÄRTEN project is characterised by its size and the planned number of residential units. With approximately 500 new flats to be built as part of this phase, ECKPFEILER is making a significant contribution to alleviating the strained Munich housing market. The project development considers the necessity of creating diverse housing options tailored for both singles and families.
The realisation of the second construction phase of KIRSCHGÄRTEN is thus an important step for the further development of the quarter and for the creation of sustainable housing solutions. The collaboration between ECKPFEILER and HypoVereinsbank – UniCredit enables the continuation of a comprehensive project development that meets the needs of the city of Munich.
