{"id":14868,"date":"2022-02-22T07:43:43","date_gmt":"2022-02-22T06:43:43","guid":{"rendered":"https:\/\/hihinvest-gyeegbg7hxdxf8d4.a01.azurefd.net\/hih-invest-real-estate-acquires-schillerquartier-development-in-moenchengladbach\/"},"modified":"2025-02-13T23:03:37","modified_gmt":"2025-02-13T22:03:37","slug":"hih-invest-real-estate-acquires-schillerquartier-development-in-moenchengladbach","status":"publish","type":"post","link":"https:\/\/hih-invest.de\/en\/hih-invest-real-estate-acquires-schillerquartier-development-in-moenchengladbach\/","title":{"rendered":"HIH Invest Real Estate Acquires Schillerquartier Development in M\u00f6nchengladbach"},"content":{"rendered":"<ul>\n<li>160 residential units and 3,800 square metres of commercial floor area on three development sites<\/li>\n<li>Seller is CQ-Haus GmbH, a subsidiary of the Dutch DBMC Group<\/li>\n<li>Development site 1 nearing completion, with sites 2 and 3 to be completed by Q3 2023<\/li>\n<li>Acquired for \u201cWohninvest Quartiere Deutschland,\u201d an Article-8 institutional fund<\/li>\n<\/ul>\n<p><strong>Hamburg, 22. January 2022<\/strong> \u2013 HIH Invest Real Estate GmbH (\u201cHIH Invest\u201d) just acquired the Schillerquartier housing estate in M\u00f6nchengladbach. Its developer and seller is CQ-Haus GmbH, a subsidiary of the DBMC Group from the Netherlands with an extensive track record in housing construction. The neighbourhood development on Steinmetzstrasse consists of three development sites, with the first building nearly completed. It splits into 66 residential units, supplemented by a commercial unit of 2,315 square metres that will be occupied by a Lidl discount supermarket on a long-term lease. The remaining 94 residential units on a combined floor area of 5,876 square metres, as well as the eight office and retail units with a combined floor area of 1,545 square metres will be located at development sites 2 and 3, which are slated for completion by the third quarter of 2023. One commercial unit of 530 square metres has already been let long-term to a day nursery operator. Construction works at development sites 2 and 3 will begin shortly, since the planning consents have already been issued. Also part of the overall project are 179 parking spots, some of which include charging points for electric vehicles.<\/p>\n<p>The Schillerquartier housing estate was purchased for \u201cWohninvest Quartiere Deutschland,\u201d a institutional club fund organised under Article 8 of the Sustainable Finance Disclosure Regulation (OffV). In autumn of 2021, HIH Invest succeeded in acquiring a residential development in Osnabr\u00fcck for the fund, whose target volume exceeds 500 million euros, as its first investment asset. A large portion of the projected equity capital has already been secured with pension funds, retirement schemes and insurance companies, and the next acquisitions are currently under review.<\/p>\n<p>The Schillerquartier housing estate is very centrally located, M\u00f6nchengladbach\u2019s pedestrian precinct and central railway station being just a short walk away. \u201cThe building complex is defined by aspirational architecture, paired with excellent specifications, and it was honoured with the ICONIC Award at the Expo Real 2021 trade fair. The plans designed by the Schrammen architectural firm from M\u00f6nchengladbach picks up on features of Belle \u00c9poque buildings and translates them into modern architecture,\u201d said Nadine Robra, Team Leader Transaction Management Germany at HIH Invest.<\/p>\n<p>The acquisition of Schillerquartier is in line with the sustainable investment strategy and the ESG mission statement of the \u201cWohninvest Quartiere Deutschland\u201d fund. The high-end new-build units will meet the 55 EE KfW Efficiency House standard, and have very easy access to the public mass transit system. The family-friendly quarter will have its own playground and an integrated day nursery. \u201cEven after the pre-acquisition audit, we keep scrutinising the properties in terms of sustainability. During the entire time that these assets are part of our portfolio, we will compile ESG reports from time to time. Doing so will ensure that the quality remains the same, but it also plays a key role in ESG governance,\u201d said fund manager Tom Kircher of HIH Invest.<\/p>\n<p>On the strength of its transportation links, M\u00f6nchengladbach has evolved into a hub connecting the Benelux countries with the Rhine-Ruhr metro region. In addition to having convenient access to the motorway network via the A61, A52 and A44 motorways, M\u00f6nchengladbach is part of a rapid transit system and has regional and high-speed rail service connections to nearby metropolises, most notably D\u00fcsseldorf. D\u00fcsseldorf Airport is a commute of 30 minutes away.<\/p>\n<p>Mark Tijhuis, Managing Director of CQ-Haus GmbH, had this to say: \u201cWe have maintained a presence in M\u00f6nchengladbach since 2014, and are clearly focused on residential developments in North Rhine-Westphalia. We are very glad to have found a reliable partner in HIH Invest Real Estate, especially for our Schillerquartier development here in the city.\u201d<\/p>\n<p>\u201cM\u00f6nchengladbach is developing well as a residential and commercial location. The fruitful cooperation between administration and business leads to an increasing demand for housing. Rental prices are cheaper here, than in D\u00fcsseldorf, which is only 26 kilometres away. Modern housing, barrier-free and centrally located, is in demand,\u201d reported Klaus Niew\u00f6hner-Pape, Member of the Investment Committee Residential of HIH Invest.<\/p>\n<p>HIH Invest was advised by the law firm of Heussen Rechtsanwaltsgesellschaft mbh on legal and tax matters, and received technical consultancy by Case Real Estate GmbH. The pre-acquisition environment audit was done by Arcadis Germany GmbH. On the seller side, CQ-Haus received legal counsel from Kapellmann und Partner Rechtsanw\u00e4lte mbB and investment advice from Atlanticus Internationale Immobilienberatung.<\/p>\n<blockquote  class=\"blockquote\"><p>  <em>\u201cSchillerquartier is defined by aspirational architecture, paired with excellent specifications, and it was honoured with the ICONIC Award at the Expo Real 2021 trade fair. The plans designed by the Schrammen architectural firm from M\u00f6nchengladbach picks up on features of Belle \u00c9poque buildings and translates them into modern architecture.\u201d<\/em>  <strong>Nadine Robra, Teamleader Transaction Management Germany  HIH Invest<\/strong>  <em>\u201cEven after the pre-acquisition audit, we keep scrutinising the properties in terms of sustainability. During the entire time that these assets are part of our portfolio, we will compile ESG reports from time to time. Doing so will ensure that the quality remains the same, but it also pays off in terms of ESG governance.\u201d<\/em>  <strong>Tom Kircher, Fund Manager HIH Invest<\/strong>  <em>Mark Tijhuis, Managing Director of CQ-Haus GmbH, had this to say: \u201cWe have maintained a presence in M\u00f6nchengladbach since 2014, and are clearly focused on residential developments in North Rhine-Westphalia. We are very glad to have found a reliable partner in HIH Invest Real Estate, especially for our Schillerquartier development here in the city.\u201d<\/em>  <strong>Mark Tijhuis, Managing Director CQ-Haus GmbH<\/strong>  <em>\u201cM\u00f6nchengladbach is developing well as a residential and commercial location. The fruitful cooperation between administration and business leads to an increasing demand for housing. Rental prices are cheaper here, than in D\u00fcsseldorf, which is only 26 kilometres away. Modern housing, barrier-free and centrally located, is in demand.\u201d<\/em>  <strong>Klaus Niew\u00f6hner- Pape, Member of the Investment Committee Residential HIH Invest<\/strong>  <\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>160 residential units and 3,800 square metres of commercial floor area on three development sites Seller is CQ-Haus GmbH, a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":14867,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"wds_primary_category":0,"wds_primary_stadt_category":0,"footnotes":""},"categories":[117],"tags":[61,60],"stadt_category":[],"class_list":["post-14868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-hih","tag-whih"],"acf":[],"_links":{"self":[{"href":"https:\/\/hih-invest.de\/en\/wp-json\/wp\/v2\/posts\/14868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hih-invest.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hih-invest.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hih-invest.de\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hih-invest.de\/en\/wp-json\/wp\/v2\/comments?post=14868"}],"version-history":[{"count":4,"href":"https:\/\/hih-invest.de\/en\/wp-json\/wp\/v2\/posts\/14868\/revisions"}],"predecessor-version":[{"id":26415,"href":"https:\/\/hih-invest.de\/en\/wp-json\/wp\/v2\/posts\/14868\/revisions\/26415"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hih-invest.de\/en\/wp-json\/wp\/v2\/media\/14867"}],"wp:attachment":[{"href":"https:\/\/hih-invest.de\/en\/wp-json\/wp\/v2\/media?parent=14868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hih-invest.de\/en\/wp-json\/wp\/v2\/categories?post=14868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hih-invest.de\/en\/wp-json\/wp\/v2\/tags?post=14868"},{"taxonomy":"stadt_category","embeddable":true,"href":"https:\/\/hih-invest.de\/en\/wp-json\/wp\/v2\/stadt_category?post=14868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}