The kathmann Group and the Wallbrecht Group have successfully completed their joint residential project in Leer and sold it to WohnRaum Niedersachsen GmbH. The state-owned company will incorporate the property into its portfolio.
The property comprises a total residential area of 4,380 square metres. It features 55 residential units of varying sizes, characterised by flexible floor plans. The offering is complemented by an underground car park with 47 spaces and seven outdoor parking spaces.
The property is located in the city of Leer in East Frisia. The apartments are designed for singles, couples, and families alike. The project development focused on creating high-quality living space that accommodates different life stages.
A high architectural standard was pursued during the project's development. The buildings were constructed in accordance with modern energy efficiency standards, contributing to a sustainable construction method. These aspects are relevant for the long-term value and attractiveness of the property.
The sale of the residential project to WohnRaum Niedersachsen GmbH reflects the buyer's strategy to secure affordable and high-quality housing in the federal state. WohnRaum Niedersachsen GmbH operates on behalf of the State of Lower Saxony to strengthen housing provision. This transaction thus fits into a broader context of the state's housing policy objectives.
The collaboration between the kathmann Group and the Wallbrecht Group in realising this project underscores their expertise in developing large-volume residential complexes. The successful sale to a public company confirms the quality of the project development and the market viability of the concept.
