Aengevelt is brokering the sale of a residential complex in Krefeld on the exclusive mandate of a private investor. In total, the property has around 50 residential units with around 3,000 m² of rental space, a neighbourhood underground car park with around 140 car parking spaces and around 5,000 m² of land area. The buyer is a renowned local investor who acquired the properties for portfolio management and further value creation through additional new residential construction. The purchase price was not disclosed. The gross initial yield is given as approx. 8% p.a.
“For reasons of age, the owner has decided to sell the properties in a sought-after residential area of Krefeld-Cracau and has commissioned Aengevelt exclusively with the sale. Extensive property and location analyses of our company revealed considerable value creation potential. In addition to a high level of rental security for the existing apartments due to the generous plot area, the property offers the possibility of realizing new residential construction in the four-digit square meter range. Accordingly, a targeted approach was made to customers with a corresponding investment profile, including the willingness and competence to drive forward a sustainable and future-oriented development of the site. The buyer, a local investor who meets exactly these requirements, recognised the potential of the property on the basis of his local and market knowledge and has resolutely secured it,” explains Fabio Mata from the Investment & Development team at Aengevelt Düsseldorf, adding: “With the sale, Aengevelt is creating a win-win-win situation: the seller achieves an attractive sales price, the buyer acquires a sustainable investment with value appreciation potential and the In view of the high demand for housing in this location, the district will receive an important expansion of the rental housing supply.”
