HEUKING advises Primus Valor on acquisition of 317 apartments in the Allgäu region
A team led by Dr. Sönke Görgens, Partner at the firm’s Hamburg office, HEUKING legally advised Mannheim based Primus Valor AG on acquiring a residential portfolio of 317 units in the Allgäu region. The portfolio comprises some 16,400 square meters of residential space across three locations: Kempten, Kaufbeuren, and Memmingen.
The acquisition was carried out on behalf of closed-end residential fund “ImmoChance Deutschland 14 Renovation Plus (ICD 14 R+)”, which had launched at the beginning of this year. As with its predecessors, the fund focuses on existing affordable housing with renovation potential. The acquired units will undergo phased modernization, emphasizing energy efficiency and enhanced living comfort. Cities like Kempten, Kaufbeuren, and Memmingen provide a compelling backdrop for sustainable real estate investments, thanks to their stable economies, steady population growth, and high quality of life.
Founded in 2007 and headquartered in Mannheim, Primus Valor employs over 120 professionals. The firm specializes in acquiring affordable residential real estate in Germany’s regional and mid-sized urban markets.
HEUKING regularly advises Primus Valor AG. Earlier this year, Dr. Görgens and his team supported the client in the acquisition of nearly 450 residential units in Germany.
Counsel to Primus Valor AG
HEUKING:
Dr. Sönke Görgens (Lead), (Real Estate), Hamburg
