Newsroom
Company

Successful first half year 2020

Munich, 1 July 2020 – ZAR Real Estate Holding continues  its growth course. Since the start of the business year 2020, the product portfolio of the Munich real estate company has grown through further acquisitions to over 1.1 million square metres.

 

Despite the Covid-19 pandemic, ZAR Real Estate Holding has recorded a successful first half year for 2020. Since the beginning of the year, the company has expanded its portfolio through various acquisitions by over 600,000 square metres to more than 1.1 million square metres of planned gross floor area. A total of over 400,000 square metres of planned gross floor area were purchased in 2019. The fully integrated developer platform for real estate projects and portfolios with operations throughout Germany concentrates its investment activity on selected suburban locations in large, booming cities, such as Berlin, Düsseldorf and Frankfurt am Main. The development focus is on commercial real estate and district developments.

“We are delighted that we could add so many successes to our still young company history in the first half of 2020,” says Felix Schallmeyer, Managing Director of ZAR Real Estate Holding. “Even in this exceptional situation, we continue to sound out the market and remain open to purchases of interesting sites. We are helped in particular by our distinctive partner network, our financing strength, and the recognised experts and industry experts in our team.

 

Successful property sale in Berlin-Spandau

ZAR Real Estate Holding also recorded success on the sales side: The company was able to profitably sell a property with 125,000 square metres of gross floor area in Berlin-Spandau and direct access to Lake Tegel to a local developer. Previously, a positive preliminary building permit was obtained through a successful optimisation of the space concept.