Aengevelt announces the sale of a partial package of ten apartment buildings with around 5,000 m² of living space. The buyer is a regional investor who has acquired the properties for portfolio management as well as for partial individual sales. The purchase price was not disclosed.
“The properties in the OWL portfolio are located in residential districts with stable demand and offer investors convincing prospects for returns and value appreciation. This is also confirmed by the current sale to a regional investor group, which has appropriately evaluated and acquired the location and property qualities on the basis of its excellent market knowledge. The division of the entire portfolio into location-oriented sub-portfolios and thus for different investment strategies also helped sales,” explains Gerald Klinck, CEO of Peach Property Group.
Chiara Aengevelt, Managing Partner of Aengevelt Immobilien, adds: “The economic area of East Westphalia-Lippe is one of the strongest industrial and innovation regions in Germany. This is accompanied by a high demand for attractive housing. Against this background, the properties we broker not only offer attractive entry conditions for investors, but also long-term value appreciation potential thanks to a low core rent. Especially since the broad mix of different apartment sizes ensures sustainable rentability. Accordingly, we are also registering a great deal of interest in demand for other sub-packages in the portfolio.”
