PANDION acquires residential property at Hohenasperg from project developer Classic

January 2021

PANDION has acquired a plot of land in Asperg, north of Stuttgart, from the Heilbronn-based project developer Classic Unternehmensgruppe. The 16,612-square-meter site is located at the foot of the Hohenasperg, which is known throughout the country for its medieval fortress. A new residential district with 252 apartments as well as smaller commercial units is now being built on the site, which was formerly used for commercial purposes.

"Larger contiguous project development sites around Stuttgart are few and far between. We are pleased to have found a site adequate for PANDION for a sophisticated residential development in this location. Here, a family-friendly residential mix is being created with a location that is close to nature and yet has good infrastructural access. This will make the location very interesting for us as developers and for our customers," says Steffen Jüstel, branch manager of PANDION Real Estate GmbH in Stuttgart.

Further information can be found in the current press release (DE).