The real estate group primarily manages residential construction projects. The company manages a portfolio of properties worth four billion euros in 50 different locations.
The construction and real estate industry has slipped into a deep crisis, especially in the past two years, writes dii in a statement to Ippen Media. The start of the Victoria Quarter project development in 2020 fell in the middle of the Corona period, and accordingly, we had to contend with significant problems throughout the entire construction phase. ” The new building fund 14 and, in particular, the “Viktoria Quarter” project in Wiesbaden were particularly affected by the very difficult market conditions for project developments in recent years, writes the company in the statement.