News detail

HELMA Eigenheimbau AG invests in 'Am Hohen Ufer' newbuild projects and modernisation of 'Berta-Residenz' in Hanover

HELMA Eigenheimbau AG / Key word(s): Miscellaneous

28.03.2013 / 11:30

HELMA Eigenheimbau AG invests in 'Am Hohen Ufer' newbuild projects and modernisation of 'Berta-Residenz' in Hanover

Lehrte, March 28, 2013 - HELMA Eigenheimbau AG, the specialist for individual solid construction houses and sustainable energy concepts, has won the bidding for two particularly attractive residential construction projects in the city centre of Hanover. These projects will contribute to the Group's targeted business expansion with total revenue potential of around EUR14 million, and the transactions are set to be realised through Group subsidiary HELMA Wohnungsbau GmbH. The 'Am Hohen Ufer' project is located in Hanover's historic old town on the banks of the River Leine, and comprises two newbuild constructions. The centrally located Berta Clinic is to be completely modernised and converted into the 'Berta-Residenz', by contrast.

The two planned residential and commercial buildings between the Rossmühle and Am Hohen Ufer streets offer around 975 m² of residential area and space for 10-12 apartments in both buildings' upper floors. Shops are planned for the ground floors of the building facing the Burgstrasse street and the Ballhofplatz square. A restaurant serving external areas of the riverside promenade is planned for the bankside building. In total, the property offers around 255 m² of retail area and 26 underground parking places along with the approximately 550 m² of restaurant and bar space. Construction is set to start in September 2013. The company aims to complete this promising project by December 2014 along with related municipal measures. The 'Am Hohen Ufer' project is expected to entail a revenue volume of around EUR8 million.

In the case of the centrally located Berta Clinic, at Bertastrasse 10 in Hanover, HELMA Wohnungsbau GmbH is to completely modernise this three and a half story building that dates back to the early years of the last century. Its current utilisation as a clinical practice is to continue after the development and conversion of the approximately 585 m² of related ground and first floor space. Between approximately four and six apartments are planned for the second and third floors. Expansion of the top floor will enable the third floor apartments to become maisonette apartments. The ground planning sets store by utilising the existing building structure as best as possible while at the same time creating generous room divisions. Construction is set to start in spring 2013, and should be completed by the end of this year. A revenue volume of around EUR6 million is anticipated for the 'Berta-Residenz'.

About HELMA Eigenheimbau AG:

HELMA Eigenheimbau AG is a customer-oriented building services-provider offering a full range of services. The focus is on the development, planning, sale, and construction management of turnkey or partially completed detached and semi-detached houses using the solid construction method. Particularly the option of individual planning and individualisation without extra costs, as well as the company's outstanding know-how in the area of energy-efficient construction methods, are perceived on the markets as HELMA Eigenheimbau AG's unique selling propositions. With its persuasive sustainable energy concepts, the company has established itself as one of the leading providers of solar energy-saving homes, and is one of the most experienced companies in the solid construction house sector, having constructed several thousand owner-occupier homes. As a property development company, holiday home builder, and finance broker respectively, HELMA Wohnungsbau GmbH, HELMA Ferienimmobilien GmbH and Hausbau Finanz GmbH round out HELMA Group's product range.

Investor Relations contact:

Gerrit Janssen, Management Board member/CFO
Tel.: +49 (0)5132 8850 113

End of Corporate News

28.03.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at and

205520  28.03.2013