The Immobel Group today announces the acquisition of 89,9 % of the shares in the company Europe-Allee Wohnen gsp GmbH, owner of the prestigious EDEN project planned for the centre of Frankfurt. This acquisition in the German market, which is the largest European economy, is in line with the announcement on the intensification of the Group's international diversification.
Already present in Belgium, Luxembourg, Poland, Spain and France through a number of diversified, high- quality Real Estate programmes, Immobel Group is choosing to invest in the German market, and confirms its ambitions with unabated consolidation of its European presence.
“The performance of the German economy in relation to the European situation makesthis country naturally attractive in the context of the geographical diversification strategy we have announced. This acquisition demonstrates Immobel Group’s interest in Germany, where we are seeking more projects, to create, in the medium term, a development platform similar to those we have deployed in the countries in which we operate” explains Marnix GALLE, Executive Chairman of Immobel.
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