Nexum Group AG Secures Major Real Estate Purchase in Munich

Nexum Group AG has finalized a purchase agreement for a significant residential project in Munich's Maxvorstadt area. The project aims to revitalize an existing building, add a new roof floor, and construct an additional building in the rear courtyard. This development is set to add approximately 2,800 square meters of gross floor area. The acquisition was notably completed at a reduced rate compared to standard land values.

The projected investment stands at around 20 million euros. Nexum has obtained a preliminary building permit, and the application process is underway. This project was strategically chosen for its proximity to the Technical University of Munich, potentially enhancing its appeal.