PTA-News: GIEAG Immobilien AG: GIEAG submits building application for Reutlingen's Heinzelmann site

Thursday, 01. December 2022 11:49

Business news for the stock market

München (pta020/01.12.2022/11:49) - Important step towards realization of the approx. 16,000-square-meter project

Munich, November 10, 2022 – The nationwide project developer GIEAG Immobilien AG (GIEAG), together with White Arkitekter AB, is redesigning the former textile factory Heinzelmann in Reutlingen into a sustainable, mixed-use area with 87 apartments, retail, gastronomy, studios, office and co-working spaces. Another important step forward in the realization of this project can be reported: The building application for the site, which is part of the IBA'27 network, was submitted on October 31 - after intensive consultations with the city and the Reutlingen municipal council. In addition, the open space planning has now also been completed and presented to the design advisory board with very positive feedback.

"We are delighted that a completely new, lively urban quarter with a wide variety of uses will soon be created on the old Heinzelmann site in Reutlingen," says Thomas Männel, Managing Director of the project company, adding, "With the submission of the building application, realization is now a big step closer." As a project developer, GIEAG attaches great importance to the fact that the property and the range of uses offered therein set trends in inner-city neighborhood development: "In Reutlingen, historic preservation, timber construction, the embedding of gastronomy and retail space as well as the integration of an old villa on the adjacent property have been implemented in an exemplary manner," says Männel. The Heinzelmann site in Reutlingen, which is planned as a sustainable, car-free quarter, comprises around 16,000 square meters of gross floor area, of which around 4,000 square meters are new.

About GIEAG Immobilien AG:
GIEAG is a family-run Munich-based real estate stock corporation. The shares of GIEAG Immobilien AG are traded on the Munich Stock Exchange as well as on the Frankfurt Stock Exchange and Xetra. By combining the three asset classes - office, residential, logistics - and the two service areas of development and portfolio management, the company offers a stability that is unique in the market. The GIEAG team of experts is a guarantor for innovative and forward-looking concepts.

Over the past 22 years, GIEAG Immobilien AG has developed and optimized a large number of real estate projects with areas of up to 145,000 square meters and an individual investment sum of 15 to 150 million euros. Partnership, transaction security, persistence and speed are the basis of sustainable value development for GIEAG.

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emitter: GIEAG Immobilien AG
address: Montgelasstraße 14, 81679 München
country: Germany
contact person: Philipp Pferschy
phone: +49 89 290516-0
e-mail: ir@gieag.de
website: www.gieag.de

ISIN(s): DE0005492276 (share)
stock exchanges: free market in Munich

[ source: https://www.pressetext.com/news/20221201020 ]

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