In Germany BayernHeim enables future-oriented residential project with 62 apartments in Hersbruck well connected to the metropolis Nuremberg by entering into project of real estate developer GBI Group

Hersbruck/Munich/Erlangen, 11.01.2024 - In Germany BayernHeim GmbH, a company of the Free State of Bavaria, has entered into a construction project for 62 rental apartments in Hersbruck, Franconia, by real estate developer GBI Group. Construction work on the four buildings with a total of 4,430 square meters of living space and   1- to 3-room apartments will start this spring. Thanks to the income-oriented subsidy (EOF) model, the basic rent - depending on the income group - will be between 4.90 euros and 6.90 euros per square meter in Hersbruck.

Bavaria's Construction Minister Christian Bernreiter emphasizes the importance of BayernHeim in the current situation: "BayernHeim is making a significant contribution to alleviating the housing shortage. This is also the case here in Hersbruck. In addition, the Free State is countering the current housing crisis with measures such as the Bavarian Housing Booster, the Bayern loan and the construction stimulus program."

Ralph Büchele, Managing Director of BayernHeim GmbH, adds: "We are pleased to be involved in ensuring that affordable housing is also created in Central Franconia in these challenging times. As a long-term portfolio holder and landlord, we are actively counteracting the tight housing market throughout Bavaria." 

The project in Hersbruck is being built in the "Raiffeisenstrasse-Sued" development area using sustainable timber frame construction; even the ceilings and elevator shafts are made of wood. This means that 1,441 tons of biogenic carbon will be absorbed in the Hersbruck construction project instead of being released into the environment. In addition, the roof surfaces will be made available to the regional energy and water supplier HEWA for the installation of Photovoltaics systems and for feeding the electricity generated into the energy grid. This will meet the requirements of the KfW 40 criteria and reduce the ecological footprint of future residents.

"In Bavaria, the attractive subsidies through grants and favorable loans as well as the activities of BayernHeim offer us the best conditions for creating affordable living space," explains Simon Behr, Chief Commercial Officer at the GBI Group: "Hersbruck is well connected to the metropolis of Nuremberg thanks to the direct S-Bahn connection. This makes the location highly sought-after and ensures a tight housing market."

In addition to privately financed residential construction, the GBI Group develops subsidized residential projects not only in Bavaria, but also in Baden-Wuerttemberg, Hamburg, Lower Saxony, Hesse and North Rhine-Westphalia. GBI has developed a total of more than 1,500 subsidized apartments since 2016 and sold them to institutional buyers, such as insurance companies, pension funds or state-owned companies, as in the current case to BayernHeim GmbH. "We are pioneers in the implementation of subsidized housing projects and are always pleased to see effective housing subsidy models, such as here in Bavaria," says Simon Behr.

BayernHeim GmbH is one of three state housing associations and creates affordable rental housing throughout Bavaria. Founded in 2018, BayernHeim has built a total of over 7,000 apartments so far.

About the GBI Group:
GBI is a real estate developer that focuses on subsidized and privately financed apartments, serviced apartments, hotels, student apartments, micro apartments and concepts for senior living. GBI has realized real estate projects in Germany and Austria with a total investment volume of 1.6 billion euros. Over 7,500 units have been handed over to investors. The company has secured a further 1.3 billion euros in sales volume (GDV) for its development pipeline. Future new-build projects will be realized in accordance with the DGNB Gold Standard or EH40/QNG requirements. In addition to project development, the GBI Group is also represented as an operator with its SMARTments family of serviced and student apartments (SMARTments business/connect and SMARTments student) at over 14 locations with 2,500 units (incl. under construction and in planning). The number of apartments is set to grow to over 5,000 in the coming years. In addition, there are the pure residential products SMARTments living and SMARTments senior living. GBI Capital, which is part of the GBI Group, bundles the areas of investment management, fund and asset management and subsidy consulting. GBI's shareholder is the private real estate fund manager Henderson Park from the UK. http://www.gbi.ag

About BayernHeim GmbH:
BayernHeim GmbH has been active as a company of the Free State of Bavaria since 2018 and creates affordable housing wherever there is a need in Bavaria. To this end, BayernHeim develops and purchases land, plans and implements construction projects and rents out its own residential portfolio. BayernHeim's aim and purpose is to create and provide rental housing for broad sections of the population at permanently affordable conditions. BayernHeim is regarded as a leading real estate company that is a role model for sustainable living "made in Bavaria" with new ideas, efficient processes and outstanding employee satisfaction. Further information can be found at: https://bayernheim.de/
 

Press contact:
GBI Group
Wolfgang Ludwig, Ludwig Media & Communication,
Phone: +49 221 - 29219282, Fax: +49 221 - 29219283, Mobile: +49 171 - 93 35 134,
Email: mail@ludwig-km.de  

BayernHeim GmbH
Maximilian Heller
Phone: +49 170 56 88 015
E-mail: mh@heller-partner.de