Colliers has successfully brokered a residential complex with 98 residential units in Düsseldorf as part of an off-market transaction. The apartments are 100 percent publicly subsidized and offer affordable housing in central and urban locations. The seller of the Weserhöfe is the private investor Dr. Josef Rick, the buyer is VIVAWEST. The Gelsenkirchen-based housing company already manages the Schöffenhöfe quarter directly opposite, which was completed in 2021, with 370 apartments, some of which are publicly subsidized.
The Weserhöfe from 2018 are located on Mindener Straße in Düsseldorf’s Oberbilk district and have a total living space of around 6,000 square meters. As a young, high-quality portfolio, the residential complex meets modern energy standards and has 76 underground parking spaces for tenants – making it particularly attractive for long-term portfolio holders such as VIVAWEST.
“We are pleased to be able to contribute to securing affordable housing in a central location with this transaction. High-quality, young existing properties in urban locations are in high demand on the market. The 100 percent subsidized apartments of the Weserhöfe offer sustainable added value for both the residents and VIVAWEST and are an excellent addition to the Schöffenhöfe district,” says Florian Tack, Head of Residential Germany at Colliers.
“VIVAWEST manages more than 4,000 apartments in Düsseldorf. Due to the direct proximity to our Schöffenhöfe district, we are already very well established in the district and the distances for our colleagues working on site are short. The acquisition of the Weserhöfe therefore complements our portfolio perfectly. In addition, the buildings meet the requirements of our decarbonisation path and complement our portfolio of long-term publicly subsidised housing. We are looking forward to our new tenants and would like to thank Colliers for the mediation,” adds Bastian Brusinski, Head of Portfolio Management/Acquisition at VIVAWEST.
