Nowinta sells “City Living Esslingen” residential project to Bonava Wohnbau GmbH

With a team led by Dr. Frank Baßler, Partner at its Stuttgart office, Heuking Kühn Lüer Wojtek legally advised nowinta Real Estate GmbH on the sale of the “City Living Esslingen” residential project to Bonava Wohnbau GmbH.
 
The residential project is to be built on a property of about 3,680 square meters at Mettinger Straße 11 in Esslingen that was originally zoned commercial. Some 7,130 square meters of total rental space will be divided into 199 studios and one-bedroom apartments and 34 larger apartments, corresponding to 100 percent of residential use. The property will also have 67 underground and three outdoor parking spaces. The property is located in downtown Esslingen, close to the new Campus and the hospital, and offers good public transportation options. Esslingen is about ten kilometers from the state capital of Stuttgart and part of the economically strong Stuttgart metropolitan region.
 
nowinta Real Estate GmbH is a member of nowinta Finanzgruppe and focuses on designing, developing, and marketing attractive and sustainable real estate investments in highly desirable locations for capital investors, investors, and owner-occupiers. It also offers capital and know-how for project developers.

Counsel to nowinta Real Estate GmbH
Heuking Kühn Lüer Wojtek:
Dr. Frank Baßler (Lead, Real Estate),
Veronika Straub (Real Estate), both Stuttgart
Dr. Sarah Slavik-Schulz (Tax), Hamburg
Bettina Neheider (Public Law), Munich