Munich, 6 April 2018: Instone Real Estate Development GmbH has celebrated the topping-out for its Therese project in Munich’s university quarter, Maxvorstadt. Eight new residential buildings with 117 owner-occupied apartments between 30 and 330 square metres in size, most of them in a quiet inner courtyard location, are being built on a former production site within walking distance of Munich’s two universities. The project includes a kindergarten, underground parking and bicycle stands. Completion is scheduled for mid-2019. All apartments have already been sold except for four attractive penthouse apartments with private terrace gardens.
“With Therese, we are picking up on the typical courtyard structure of Munich’s Maxvorstadt. By offering different apartment sizes, we will be achieving a good mix of inhabitants, who will contribute to the diversity of the quarter with its traditional retail stores and numerous cafés and restaurants. At the same time, the inner courtyard location in the heart of Munich will allow us to create a quiet residence that will probably be in a league of its own in Germany,” says Joachim Häsler, branch manager of Instone’s Bavaria branch. Alongside Munich’s universities, Maxvorstadt is home to two other institutions of higher education as well as the two important art museums, the Alte Pinakothek and the Pinakothek der Moderne.
“We are developing our Therese project in one of the most attractive areas in Munich. Therese is a good example of the strategic approach we are taking of realizing high-density construction of the highest quality in central metropolitan locations throughout Germany,” adds Harald Meerße, COO of Instone Real Estate Development for Baden-Württemberg and Bavaria. He continues: “Munich is one of the fastest growing metropolitan regions in Germany. By 2030, the Bavarian capital will have grown by 200,000 residents, giving it a population of over 1.7 million. Demand for housing will therefore remain high.”
According to a recent study by the Mercer consulting company, Munich is currently a leader when it comes to quality of life. Compared with other major German cities, it has repeatedly been ranked as having the highest quality of life, and it takes third place globally.
Note on image rights: The images may be used for the purposes of reporting on Instone Real Estate. Please use the following source for the picture: Instone Real Estate and for the visualisation: HHVISION. The images may only be processed for ordinary usage.
Instone Real Estate
c/o RUECKERCONSULT GmbH
Phone: 030 2844987-61
Fax: 030 2844987-99
Email: instonerueckerconsult "«@&.de