EUR Square

Tuesday, 11. March 2014

The Magdeburg-based holding company MCM investor concept AG & co. KG currently supports a recently acquired redevelopment East of the Centre of Leipzig. Magdeburg, 03 December 2013. Kansal garden 6, eight superbly equipped apartments and an exclusive penthouse arise on 600 square meters. Stucco, noble parquet and natural stone tiles, as well as State of the art bathroom objects, under-floor heating and extensive technical equipment will adorn the objects in the future. “So the perfect symbiosis is created from historic flair and modern standards of living”, promises the management under CEO Peter Pfeffer. The conceptual groundwork is already running: after completion of project development late this year begins in spring 2014 the refurbishment of the grade II listed building. For the extensive renovation is a total investment amounting to EUR 1.1 million.

Built in 1900, this building is located in close proximity to the Lieselotte-Hermann Park. The future residents thus enjoy all the benefits of urban Living in a sophisticated infrastructure, without sacrificing the closeness to nature. Also the prospects for returns of the investors at the MCM investor concept AG & co. KG are promising. Especially the East German real estate market is on the upswing. The demand for attractive apartments in good Leipzig locations is growing increasingly. Prices between 6.00 and 7.00 euro per square metre for the object Kansal garden 6 are intended as rent planning approach.

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