Primevest Capital Partners Acquires Residential Development In Saarbrücken For €15M

The residential development located at Bahnhofstraße 41, 66111 Saarbrücken, Germany, has been sold in a closed property transaction. The property spans across 48,438 square feet and was purchased by Primevest Capital Partners, represented by Danica Cicmil. The transaction was completed on 19/11/2021. The purchase price for the property was €15,000,000, resulting in a price per square foot of €310. Hauser und Thiery acted as the vendor in this transaction.

Summary of transaction details

• Property Type: Residential Development
• Transaction Amount: €15,000,000
• Square Footage: 48,438
• Price per Square Foot: €310
• Purchaser: Primevest Capital Partners - Danica Cicmil
• Vendor: Hauser und Thiery
• Date: 19/11/2021

The residential development transaction was completed with the involvement of Primevest Capital Partners, represented by Danica Cicmil, as the purchaser. Hauser und Thiery acted as the vendor in this deal. The transaction marks the successful acquisition of the property in Saarbrücken, Germany.