Luther advises urban developer AOC on sale of Dresden construction project to Fundamenta Group fund

The "Löbtauer Tor" project in Dresden was sold to the "FG Wohnen Deutschland" fund initiated by Fundamenta Group Deutschland AG. The parties involved have agreed not to disclose the sales price.

The project in the Löbtau district comprises a three-part building complex with a total lettable area of around 13,000 square metres - approximately 10,000 square metres of which are residential, while around 3,000 square metres will be used for commercial purposes in the future. The high proportion of office space in the project and the creation of high-quality residential space will relieve the Dresden real estate market. Construction work on Löbtauer Tor will start in autumn 2022: a building block with six full storeys is planned, whereby the ground floor and the first floor are planned for flexible use as office, as well as retail space.

About AOC | Die Stadtentwickler GmbH:

The project development company specialises in the conception, planning and realisation of residential and commercial projects. The regional focus is on central and northern German centres including Berlin. With currently about 50 employees in Magdeburg and independent offices in Dresden, Erfurt and Leipzig, essential cornerstones of each investment are represented within the group of companies. Founded in 2004, AOC has successfully invested more than 750 million Euros in real estate projects and currently has a project pipeline of more than one billion Euros.

https://www.aoc-diestadtentwickler.com/  

On behalf of AOC | Die Stadtentwickler GmbH:

Luther, Real Estate: Dr Thomas Gohrke (Partner), Patrick Gocht (Senior Associate)