{"id":61461,"date":"2026-10-06T13:47:38","date_gmt":"2026-10-06T11:47:38","guid":{"rendered":"https:\/\/gsk.de\/?p=61461"},"modified":"2026-10-07T13:48:15","modified_gmt":"2026-10-07T11:48:15","slug":"deal-eckpfeiler-financing-kirschgarten-housing-development","status":"publish","type":"post","link":"https:\/\/gsk.de\/en\/deal-eckpfeiler-financing-kirschgarten-housing-development\/","title":{"rendered":"GSK\u00a0Stockmann advises ECKPFEILER on the financing of the KIRSCHG\u00c4RTEN housing development in Munich"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>HypoVereinsbank-UniCredit is providing the financing for the second construction phase of the KIRSCHG\u00c4RTEN development in Munich-Untermenzing. This phase includes the construction of 384 new flats.<\/strong><strong><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A GSK&nbsp;Stockmann team led by partner Dr Alma Franke advised ECKPFEILER on the structuring and implementation of the financing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This financing is notable for its combination of environmental and social sustainability criteria, which meet the requirements for a green loan. The second construction phase of the KIRSCHG\u00c4RTEN development, which involves the construction of 384 flats, is also the first private-sector housing project in Germany to be financed in accordance with the criteria of HypoVereinsbank-UniCredit\u2019s Social Impact Financing programme.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Around 42% of the flats \u2013 almost 60% of the total residential space \u2013 have been designated for affordable housing and the income-based \u201cMunich Model\u201d. This part of the construction will remain part of ECKPFEILER\u2019s portfolio in the long term, demonstrating the lasting effectiveness of the bank\u2019s Social Impact Financing programme.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The KIRSCHG\u00c4RTEN project is being built on a former industrial site in Munich-Untermenzing. The neighbourhood as a whole is one of the largest timber-hybrid developments in southern Germany. The second construction phase comprises around 33,000 square metres of floor space across three buildings. Construction is due to start in October 2026.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Advisers of ECKPFEILER Immobilien Group at GSK Stockmann:<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dr Alma Franke (lead, Finance), Marcel Buss (Finance)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A GSK\u00a0Stockmann team led by partner Dr Alma Franke advised ECKPFEILER on the structuring and implementation of the financing.<\/p>\n","protected":false},"author":47,"featured_media":61444,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[402],"tags":[],"ausgabe":[],"verknuepfung":[760],"class_list":["post-61461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deal-news","verknuepfung-finance"],"acf":{"ansprechpartner":[{"anwalt":833},{"anwalt":40757}],"standard_text":true,"custom_text":false,"postdownloads":false,"pressekontakt":{"email":"","phone":""}},"info":{"date":"06.10.2026","author":"Christina Holl","categories_names":["Deal News"],"category":"Deal News"},"wpml_main_post_id":61439,"featured_img_src":"https:\/\/gsk.de\/wp-content\/uploads\/2026\/10\/Doppelbild-A-Franke-Buss.png","_links":{"self":[{"href":"https:\/\/gsk.de\/en\/wp-json\/wp\/v2\/posts\/61461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gsk.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gsk.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gsk.de\/en\/wp-json\/wp\/v2\/users\/47"}],"replies":[{"embeddable":true,"href":"https:\/\/gsk.de\/en\/wp-json\/wp\/v2\/comments?post=61461"}],"version-history":[{"count":1,"href":"https:\/\/gsk.de\/en\/wp-json\/wp\/v2\/posts\/61461\/revisions"}],"predecessor-version":[{"id":61462,"href":"https:\/\/gsk.de\/en\/wp-json\/wp\/v2\/posts\/61461\/revisions\/61462"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gsk.de\/en\/wp-json\/wp\/v2\/media\/61444"}],"wp:attachment":[{"href":"https:\/\/gsk.de\/en\/wp-json\/wp\/v2\/media?parent=61461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gsk.de\/en\/wp-json\/wp\/v2\/categories?post=61461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gsk.de\/en\/wp-json\/wp\/v2\/tags?post=61461"},{"taxonomy":"ausgabe","embeddable":true,"href":"https:\/\/gsk.de\/en\/wp-json\/wp\/v2\/ausgabe?post=61461"},{"taxonomy":"verknuepfung","embeddable":true,"href":"https:\/\/gsk.de\/en\/wp-json\/wp\/v2\/verknuepfung?post=61461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}