INDUSTRIA acquired in August 2021 a district development in Stein for two special real estate funds, which will be built on the former site of the furniture store Möbel Krügel. This comprises seven apartment buildings with 254 residential units, 278 underground parking spaces and 69 outdoor parking spaces. Two apartment buildings with a total of 5,602 m² of living space are subject to income-oriented public subsidies. The prerequisite for renting is the presentation of a “Wohnberechtigungsschein” (WBS, document certifying the eligibility to rent subsidized rental units). The apartments have 2 to 5 rooms and living areas of approx. 50 to 104 m². Completion of the publicly subsidized part is scheduled for the first quarter of 2023. Marketing has started in the fourth quarter of 2022.