- Accommodation for refugees in Noratis apartments
- Cooperation with cities and districts throughout Germany
- EUR 50,000 donation from parent company of principal shareholder Merz Real Estate for initial set-up
Eschborn, 13 April 2022 – In cooperation with cities and districts throughout Germany, Noratis AG – a leading residential property portfolio developer – is providing housing for refugees from Ukraine. This is being coordinated with those responsible in the different municipalities in line with the requirements. The first refugee families have already moved into some properties. “As a portfolio developer that operates throughout Germany, we obviously want to help out the municipalities at our locations in a situation like this,” explains Igor Christian Bugarski, CEO of Noratis AG.
The listed company has received support from Merz Beteiligungs GmbH, the parent company of its principal shareholder Merz Real Estate, which is providing Noratis AG with EUR 50,000 for initial set-up. “Thanks to the generous financial commitment from Merz Beteiligungs GmbH, we are able to fit out the apartments appropriately in line with the refugees’ needs,” adds CEO Bugarski.