A project company set up by a joint venture between REVITALIS REAL ESTATE AG, Hamburg, and DERECO, Cologne, has divested the residential quarter on the north-eastern bank of PHOENIX See Lake in Dortmund by way of a forward deal to Aberdeen Asset Management Deutschland AG. The estate was acquired for a fund specialised in residential properties operated by Aberdeen, a global player. The parties involved agreed not to disclose the selling price.

Approx. 90 comfort apartments facing southwest between 55 and 130 sqm in size are being developed on one of the last empty plots on a close called Am Seehang right next to Phoenix See in Dortmund. The draft for the respective eleven villa-type buildings was made by schultearchitekten of Cologne who were awarded the contract as their draft received approval by experts from the design council of Phoenix See Entwicklungsgesellschaft developers and the city’s authorities.

In planning, the visual axis towards the lake was a particular focus. The draft features spacious terraces and loggias and very sophisticated exteriors to meet the high standards of modern, comfortable living.