Nexum Group Enters Munich Real Estate Market

Nexum Group AG, a burgeoning residential real estate developer, has announced its acquisition of a property in Munich's Maxvorstadt district. The project marks their first foray into Munich, as they plan a comprehensive revitalization of the existing structure, which includes adding a new floor and constructing an additional building in the backyard. This endeavor aims to establish 2,800 square meters of gross floor area at an estimated cost of 20 million euros.

CEO Philipp von Erffa emphasizes that the project aligns with Nexum's growth strategy, addressing Munich's high demand for housing amidst reduced supply. Preliminary building permissions further bolster the project's feasibility, allowing for an expected smooth collaboration with construction firms over the next two years.

Nexum's initiative supports sustainable urban development by enhancing energy efficiency and adhering to KfW 55 standards. They plan to begin marketing this revitalized residential complex in spring 2027.