| Aquisition Date/Sale Date | November 22, 2021 / To be announced |
| Type of use | Development of Residential building |
| Leasable Area | 1.900 sq.m. |
| IRR | 30,00% |
City of Monchegladbach
Achievements
- Plots were acquired from different landlords
- Application to melt all plots into 1 parcel was submitted and we are awaiting the authorities approval (expected in Q4 2022)
- All needed and necessary document are under preparation to apply for a residential building license
- Residential building license approval is expected in Q3 2023
- Expected number of apartments to be constructed – 30