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Dow Jones News
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Instone Real Estate Group N.V.: Instone invests in new quarter development in the metropolitan region of Stuttgart - with a sales volume in excess of EUR 100 million

Dow Jones received a payment from EQS/DGAP to publish this press release.

DGAP-Media / 2018-07-02 / 07:46 
 
*Instone invests in new quarter development in the metropolitan region of 
Stuttgart - with a sales volume in excess of EUR 100 million* 
 
*- *_Acquisition of a property in a central location in Rottenburg am Neckar 
_ 
 
_- Development of an attractive urban quarter with about 360 flats_ 
 
_- Instone thereby successfully continues its growth strategy as a quarter 
developer_ 
 
_- Construction is expected to commence in the second half of 2019_ 
 
*Essen/Stuttgart, 2 July 2018: *By acquiring a property of roughly 26,000 
square metres in Rottenburg am Neckar, Baden-Württemberg, Instone Real 
Estate continues to expand its attractive project portfolio. The listed 
residential development company expects a sales volume above EUR 100 million 
for the project and continues its growth course focusing on development of 
inner-city quarters. 
 
Bianca Reinhardt Weith, Instone branch manager in Baden-Württemberg, says: 
"Our many years of experience in quarter design and development prepares us 
very well for developing a vibrant quarter in Rottenburg here in the course 
of the next few years. The property has a potential for about 360 
residential units to be built in several sections. They will form a complete 
ensemble with a variety of building and residential types." 
 
Andreas Gräf, CDO of Instone Real Estate Group, adds: "The purchase of this 
property in an outstanding location in Rottenburg am Neckar fits perfectly 
into our growth strategy of tackling larger quarter development projects. 
This also enables us to contribute to creating urgently needed residential 
space. We can reach a variety of target groups with our apartments, some of 
which receive subsidies." 
 
The concept comprises a vibrant quarter with five yards and commercial areas 
around an attractive central quarter square. All in all, 30 percent of the 
residential area will be implemented as subsidised apartments according to 
Baden-Württemberg's state residential subsidy programme. An 
urban-development draft has already been completed. Construction is expected 
to commence in the second half of 2019. 
 
The economic data and forecasts for investors in towns in South Germany are 
very positive in general. According to the recent study on South Germany 
conducted by Wüest Partner, the administrative district of Tübingen, where 
Rottenburg is located, has a low vacancy rate (0.8 percent). At the same 
time, its purchasing power increased by an average of 11.5 percent per 
person since 2013. 
 
*About Instone Real Estate (IRE)* 
 
Instone Real Estate is one of Germany's leading residential developers. 
Instone develops modern urban multi-family and residential buildings and 
refurbishes listed buildings for residential use. Instone develops and 
markets flats for owner-occupiers, private investors and institutional 
investors. In 27 years, we have successfully developed more than one million 
square metres. Around 300 employees work at eight locations nationwide. As 
of 31 March 2018, Instone's project portfolio consisted of 45 development 
projects with an expected total sales volume of around EUR 3.4 billion and 
more than 8,000 units. Since February 2018 Instone has been listed in the 
Prime Standard at the Frankfurt Stock Exchange. 
 
*Press contact 
Instone Real Estate* 
c/o RUECKERCONSULT GmbH 
Franziska Jenkel 
Wallstraße 16 
10179 Berlin 
Tel.: 030 2844987-61 
Fax: 030 2844987-99 
Email: instone@rueckerconsult.de 
 
End of Media Release 
 
Issuer: Instone Real Estate Group N.V. 
Key word(s): Real estate 
 
2018-07-02 Dissemination of a Press Release, transmitted by DGAP - a service 
of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
The DGAP Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language: English 
Company:  Instone Real Estate Group N.V. 
          Baumstraße 25 
          45128 Essen 
          Germany 
Phone:    +49 201 453 550 
E-mail:   ir@instone.de 
Internet: www.instone.de 
ISIN:     NL0012757355 
WKN:      A2JCTW 
Listed:   Regulated Market in Frankfurt (Prime Standard); Regulated 
          Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, 
          Tradegate Exchange 
 
End of News DGAP Media 
 
700451 2018-07-02 
 
 

(END) Dow Jones Newswires

July 02, 2018 01:46 ET (05:46 GMT)

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