Eschborn, 09. February 2023 – Noratis AG, a developer of residential properties in Germany, has sold 129 residential units with a living area of around 9,000 sqm in Celle. The buyer is an institutional investor from the Rhine-Main region and a long-standing business partner of Noratis AG. It has been agreed not to disclose the purchase price. The transfer of ownership will take place in the spring of 2023.
The properties are located close to the centre in Celle Nordfeld and Celle Holzhof. Noratis has comprehensively developed the properties over the last few years. Besides renovating the façades, terraces have been repaired, and the outside facilities, including parking spaces, have been improved. Moreover, vacant units in all properties have been renovated and placed back on the rental market.
The sale of technically and commercially well managed properties is part of Noratis AG’s business model as a property developer.
“We are delighted to have arranged a successful sale of the properties in Celle Nordfeld and Celle Holzhof following their extensive enhancement. We have thus taken a key step towards achieving our sales target for 2023,” said Flaminia zu Salm-Salm, Head of Transaction Management at Noratis AG.