Overview
- The purchase contract enables municipal landlord Saga to acquire plots and turnkey buildings for roughly 700 subsidized apartments.
- Quantum will lead the overall redevelopment while Saga assumes ownership and operation of the subsidized housing.
- Plans call for about 2,000 homes serving more than 5,000 residents, split between subsidized and market‑rate units, including options for students and trainees.
- Saga and Quantum are negotiating a second tranche that could add more subsidized housing to the project.
- The former brewery site has remained idle since 2016 after multiple ownership changes, including Gerchgroup and Adler Group, before last year’s consortium with HanseMerkur arranged the acquisition.