Heitman has entered into an agreement to purchase a residential rental development in Dresden, Germany, on behalf of an affiliate of the firm. Heitman acquired the development from CG Gruppe AG, one of the leading developers of rented-residential assets in Germany.
The development (CarréLöbtau) is located on the southern edge of the Friedrichstadt district among a number of historic buildings and amenities located within its immediate vicinity. The locale provides access to a variety of public transport options, including tram, bus, and train lines, that provide connection to Dresden’s city center and ample connections to all areas of the city. The property is composed of 148 residential and two to four commercial units with flexible floorplans. The residential units will include a mix of one- , two- , three- and four-bedroom units, which will include a terrace, loggia, or a balcony depending upon the specific layout. Upon completion, the property will also include 116 pa
