ISARIA Wohnbau AG

Diamalt quarters Munich-Allach - Pesch + Partner wins urban design competition

DGAP-Media / 11.01.2016 / 10:55

Press release

Diamalt quarters Munich-Allach:
- Pesch + Partner wins urban design competition

- As a consequence ISARIA Wohnbau can now realise more than 600
apartments starting in 2017

11th January 2016 - ISARIA Wohnbau acquired the 70,000 m² site which was
once the former home to the Diamalt plants, a traditional food manufacturer
in Munich-Allach, back in 2011. Since then the project developer has worked
on the vision to develop an urban living quarter that takes into account
the historic character of the site. Together with the state capital of
Munich, an important decision was able to be reached last year. On 15
December 2015, the jury of the urban and landscape planning competition
voted for the design of the architectural firm pesch partner architekten
stadtplaner, Dortmund/Stuttgart, with Helen Rohde (pp a|s, Dortmund). 2nd
prize went to the team Trojan + Trojan (Darmstadt) with WGF Objekt
Hirschmann - Lehner (Nuremberg) and the 3rd prize to planquadrat
(Darmstadt) with Bierbaum.Aichele.Landschaftsarchitekten (Mainz/Frankfurt).

The winning concept is based on the future development plan. The
award-winning and clear planning concept with 3- to 6-storey buildings can
be realised by ISARIA Wohnbau in up to ten construction stages. The
district park within the planning area will act as a green island in
conjunction with the previously restored historic boiler house. The two
historical monuments 'Suppenwürze' and the workshop buildings form the
quarters' identify-defining urban center through retail and catering
spaces. A total of more than 600 apartments for different income groups,
commercial sites and two daycare centres are expected to be built starting
as of 2017 on the property of ISARIA Wohnbau. The new district is located
in the immediate vicinity of numerous shopping facilities and the Allach
urban train station, from which Munich's central station can be reached in
15 minutes' driving time.

Thanks to a project volume of over EUR250 million, ISARIA Wohnbau is now
realising one of Munich's largest newly developed quarters of the future.


About ISARIA Wohnbau AG
ISARIA Wohnbau is a leading project developer for residential real estate
construction projects in Munich. Since 2014, the company also develops
residential projects in Hamburg. The company, which was founded in 1994, is
listed on the prime standard of the Deutsche Börse. The projects realised
by the company range from multi-storey apartments to terraced houses as
well as the revitalisation of existing buildings. ISARIA Wohnbau is
therefore capable of offering residential properties that meet the demands
of a wide variety of customer groups as both owner-occupied or for
investment. Since the end of 2013, Hamburg-based One Group GmbH has been
part of the ISARIA Group. The business activities of One Group GmbH and its
subsidiaries primarily comprise the issue of project development funds for
residential real estate construction projects. For more information, please
visit www.isaria.ag and www.onegroup.ag

IR Contact
ISARIA Wohnbau AG
Leopoldstraße 8 | 80802 Munich
Phone: [phone] | Fax: [phone]
E-mail: [e-mail] | Web: www.isaria.ag


End of Media Release

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Issuer: ISARIA Wohnbau AG
Key word(s): Real estate

11.01.2016 Dissemination of a Press Release, transmitted by DGAP - a service
of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: ISARIA Wohnbau AG
Leopoldstraße 8
80802 München
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.isaria.ag
ISIN: DE000A1E8H38
WKN: A1E8H3
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart


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