Steiner AG sells housing project in Suhr to Corpora
Steiner AG is selling a residential building project in Suhr AG that has not yet been completed to Corpora Immobilien AG from Aarau. 13 apartment buildings are being built on Neumattweg Ost. The sale takes place in connection with a portfolio adjustment by the Zurich real estate developer.
13 apartment buildings with a total of 146 apartments are to be built on Neumattweg Ost in Suhr. The superstructure is designed for use by different age groups and family sizes, Steiner AG informed in a press release . The real estate developer from Zurich has decided to sell the project to Corpora Immobilien AG from Aarau before it is actually implemented.
"With Corpora Immobilien AG, Aarau, we were able to sell this extensive project to an investor with development expertise and local roots, who will ensure the successful further development and realization of this attractive residential development," project manager Daniel F. Hauri is quoted as saying in the press release. No information is given there on the purchase price for the approximately 1.6 hectare area. Steiner cites an adjustment to the portfolio that was initiated last year as the reason for the sale.