EQS-News: GBI Group acquires property in Berlin-Pankow - Construction of 130 apartments in the sought-after location - In excess of €50 million to be invested in the site
The German developer GBI Group (‘’GBI’’) has acquired a 2,600 square metre plot in Berlin to build 130 energy efficient apartments.
- The German developer GBI Group (‘’GBI’’) has acquired a 2,600 square metre plot in Berlin to build 130 energy efficient apartments.
- A preliminary building permit is already in place and construction in the German capital will begin in Spring next year.
- In total, the GBI Group will invest in excess of €50 million at the project.
- Despite challenging markets, the GBI Group has now acquired a further property and will implement its residential strategy in a targeted manner.