A household name, Rathgeber AG has been active in Munich for more than a hundred years. In recent times, the former mechanical engineering company has transformed itself firstly into a property ownership company and subsequently into a real estate project developer. Rathgeber AG develops real estate exclusively for its own portfolio.
Through the “Meiller Gärten” project, Rathgeber AG is building one of the largest private rental housing developments in Munich – with a total investment of approximately €300 million.
A total of fourteen buildings with over 650 residential units, a boarding house, several commercial units and two daycare facilities are being built across the eight construction sites.
In addition to private gardens, the open space planning also includes two large public green areas. The standout feature of the project is its sustainable orientation.
Clinker bricks are used, for example, as a sustainable and durable material for parts of the facades.
A regenerative concept leveraging groundwater heat pumps and solar power will be installed for the development’s energy supply. Taking into account the boarding house alone, a total CO2 saving of 103,905 kilograms per year can be unlocked through the trifecta of good insulation, proper use of groundwater and CO2-free generated electricity.
The electricity required for the groundwater heat pumps is partly generated with the help of solar cells on the roof.
UniCredit HypoVereinsbank financed the sustainablydesigned boarding house, which opened last year and covers an area of 6,400 square meters and 152 apartments, with its first ‘Real Estate Green Loan’ for a total of €15 million.
With this new loan product, UniCredit HypoVereinsbank has expanded its range of sustainable financing solutions to include commercial real estate financing and is helping its customers achieve their sustainability goals with an additional tool.
In this context, the granting of loans is linked to specific property criteria for energy savings.
The financing was also supplemented by a KfW loan for energy-efficient construction amounting to €4 million.
Andreas Ferstl, CEO of Rathgeber AG