German Wagner Single Family Office Acquires Residential Development

German Wagner Single Family Office Acquires Residential Development

The single family office of the German Wagner family has just acquired a residential development in Speyer, Germany. The object is called “SQUARE_SIDE” and is the fourth development as part of the residential quarter “AM FLUSS”. The quarter was developed by German real estate developer DEUTSCHE WOHNWERTE. The transaction is structured as forward deal; completion is planned in 2023. The quarter is located in a former timber stone factory in Speyer am Rhein in Rhineland-Palatinate. Speyer has 50,000 inhabitants and is a local center. In total, the project comprises 353 residential units, from which 210 will already be completed in 2021.

German Wagner single family office

The Wagner single family office pursues a diversified investment strategy, amongst others with deals in real estate and private equity. The wealth of the German Wagner family is based on the family company “Wagner Pizza”, which was founded by Ernst Wagner and now belongs to Nestlé.

Source: Pressebox, 31.08.2021
Picture Source: Derek Lee

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