References

References (Selection)

Segment Residential Properties 

Property Housing Estate in Berlin-Hellersdorf
Pre-Sales Situation           15% unoccupied flats, in a prefabrication area, partially refurbished flats with outdated furnishings, low demand
StrategyRefurbishments tailored to suit occupants’ needs, improvements in the living environment and facilities, accompanying marketing campaign
SuccessOnly 4% unoccupied flats remaining, positive effects on neighbouring properties

 

Segment Office Properties

 

PropertyOffice building in Nuremberg
Pre-Sales SituationOffice building, construction year 2000, 61% vacant square meters
StrategyLetting the total office space to a single tenant, thereby avoiding investments required under small-scale lettings
SuccessLong-term full occupancy by single tenant with high credit rating since October 2010

 

Segment Other Properties

 

Property Various senior citizen properties at 24 sites throughout Germany
Pre-Sales Situation Expiring tenancy agreements with an operator of 24 senior citizen properties
Strategy  Development of a sustainable lettings concept together with the operating company
Success New rental agreements for 24 senior citizen properties with a total of 4,130 units with a term of lease of 20 years on average, long-term security and stability for the occupants of the facilities as well as for the employees of the operating companies

 

Segment Commercial Properties 

 

PropertyShopping Centre “Stadtzentrum Schenefeld” near Hamburg
Pre-Sales SituationShopping Centre, construction year 1991, 25% unoccupied space, outdated layout, lack of grocery shops
StrategyRestructuring of the centre, extension of another 5,700 spm, establishing an additional anchor tenant
SuccessOnly 5% vacant space, new long-term rental agreement with a supermarket, finalisation of the extension by autumn 2012, creation of additional customer-friendly parking spaces