Deutsche Zinshaus acquires property with 7,000 m² of rental space in Ulm: 88 residential and 7 commercial units in an attractive location in a fast-growing region
The Deutsche Zinshaus Group reports another successful acquisition. In the course of a portfolio streamlining, a contiguous residential complex with a total of 88 residential units and 7 commercial units in the university city of Ulm was acquired. The properties have around 5,360 square metres of living space and around 1,724 square metres of commercial rental space.
The properties have recently been extensively modernised. The main measures include window, roof and balcony renovations as well as the installation of a new ETICS façade.
"Ulm is an extraordinarily attractive investment location for us," explains Moritz Kraneis, Managing Director of the Deutsche Zinshaus Group. "The university city convinces with a high quality of life, economically strong companies and an impressive old town.
Last year, Ulm was named the most liveable city in Germany. In combination with a positive growth forecast, the city combines all the characteristics that we understand as an attractive B location."
We would like to thank the entire deal team. Special thanks go to the seller, E&G, our strong internal team and our excellent consultants. Legal advice was provided by the law firm Jung und Schleicher Rechtsanwälte.
