ARCADIA Investment Group acquires residential complex containing 30 units with more than 1,830 m² living space in Zwickau
The Leipzig ARCADIA Investment Group has acquired a residential complex from an institutional vendor for its own holdings. This complex contains 30 units with more than 1,830 m² living space in Zwickau The building – built in 1970 – is situated on a property totally over 2,640 m² at 32-36 Weitblick. The property was gradually and continually refurbished and modernised between 1993 and 2014. ARCADIA, as the new owner, plans to further optimise the property for its own holdings. In the process a lift system is to be installed, amongst other things, to expand its ambit of potential tenants to also include senior citizens and handicapped people.
ARCADIA Investment Group has focused its specialisation on the development of property used for retail and residential properties as well as car parks and underground car parks throughout the entire Germany. In addition to activities relating to its own portfolio, it has also implemented a host of projects in the framework of joint ventures – amongst others in close collaboration with numerous national and international companies. One of the company’s core business functions is also the optimisation, maintenance and expansion of the property portfolio of family businesses with the utmost care and confidentiality. ARCADIA Investment GmbH as the holding company for the group currently employs 20 people and is developing areas with a magnitude of more than 200,000 square meters. The accompanying project volume amounts to round 165 million euro.
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