The investment and asset manager aam2core, which focuses on real estate, is continuing to drive forward the sustainable development of the Cologne residential district "Ford", which it manages: With the comprehensive energy-efficient renovation of the portfolio located in the Niehl district, the company is making targeted investments in the future viability of the properties. The first construction work began last month and is expected to be completed in June 2027.
The fully let portfolio comprises a total of 17 apartment buildings with 87 residential units at Halfengasse 3–23, Hermesgasse 117–121 and Merkenicher Straße 236–240a. The buildings were erected in the 1960s. The Frankfurt-based real estate company aam2core acquired the residential ensemble in 2023 for a special fund.
"The energy-efficient modernization of the housing stock in Cologne is a key component of our long-term manage-to-green strategy. With our project, we are not only achieving a significant improvement in energy efficiency, but also increasing the quality of living for our tenants. The measures will also be reflected in the permanent reduction of operating costs. In this way, we also raise the value of the real estate," says Stefan de Greiff, board member at aam2core.
As part of the renovation, the buildings will be developed to the KfW 55 EE standard. In addition, BAFA-funded individual measures are being implemented. This includes, among other things, the renewal of the façades including insulation, the replacement of all windows and the insulation of the roofs and basement ceilings. In addition, photovoltaic systems will be installed to supply the new air-to-air heat pumps and the central ventilation systems with heat recovery with electricity. The new heat pumps will enable tenants to heat as well as cool in the future.
