Pecuria launches sales of 163 new-build care flats in Kassel’s Salzmann Quarter

Pecuria, a specialist in the individual sale of sustainable care flats, is now also beginning to market 163 newly built flats for residential care on the site of the Salzmann Quarter in Kassel-Bettenhausen. Sales of the remaining assisted-living units in the refurbished listed building on the site are also currently underway.

The 163 new-build units now being added to the sales portfolio have been under construction since January 2026 as part of a new retirement home at Melsunger Straße 18 in 34123 Kassel (Hesse). The product and construction partner is Cureus, and construction work is due to be completed in summer 2027. The care specialist compassio will then take over the running of the facility for at least 25 years, with options to extend for a further five years.

The units are already divided up in the land register and range in size from 45.5 to 60 square metres. The purchase prices range from 257,290 to 334,750 euros,

Pascal Kleine, Managing Director of Pecuria, on the financial benefits for investors: “Thanks to the high energy efficiency of our buildings, which have been awarded the government’s ‘Sustainable Building’ quality seal (QNG), buyers of our new-build flats can benefit not only from declining balance depreciation but also from the current special depreciation allowance under Section 7b of the Income Tax Act (EstG) for residential buildings, amounting to five per cent. A corresponding enquiry to a local tax office has been confirmed positively. Furthermore, favourable KfW loans for purchase financing under the KfW 296 (KNN) subsidy programme were secured at the start of the year at an interest rate of 0.99 per cent for 100,000 euros, which sets them apart significantly from the market conditions that have recently tightened once again. All other benefits for purchasers of Pecuria flats are, of course, also included in this package: the location and build quality are independently assessed by SozialGestaltung and TÜV SÜD, and every purchaser continues to be guaranteed, by certificate, a priority right to a care place and rent security from the Pecuria rent trust account.”

Interested investors purchase their care flat in the same way as a standard flat, except that the buyer has no right to occupy it in the future. This is offset by Pecuria’s offer of a priority right of occupancy. Care flats offer a number of advantages over traditional flats: Rental income is predictable and secure over many years thanks to long-term master tenancy agreements with solvent operating partners. Should an operator nevertheless become insolvent, Pecuria’s rent trust account steps in. Individual flat owners are also spared the administrative burden, as the intermediary management company handles coordination with the operator. The operator, in turn, is responsible for letting the individual flats, meaning that the monthly rental income is secured regardless of the flat’s actual occupancy rate. Expenses relating to re-letting, minor repairs or renovations do not generally affect the investor either, thanks to lease agreements with the operator that are structured accordingly.

The U-shaped building is being constructed as a four-storey development in line with Cureus’s typical approach to care home developments. A total of approximately 9,170 square metres of barrier-free gross floor area is being built to the KfW’s energy-efficient ‘Effizienzhaus 40’ standard. Heating will be provided via the municipal district heating network, and a photovoltaic system is planned for the green roof. With its clean-lined, modern façade featuring generous glazed elements and a coordinated colour scheme of white and light grey render shades, the building will blend in perfectly with the surrounding development.

The retirement home will have 163 modern and spacious single rooms. 64 of these rooms are not only accessible but also wheelchair-friendly. All care rooms have an en-suite shower room with a toilet, as well as a nurse call system and connections for telephone, internet and television. To foster a sense of community and social interaction, the rooms are organised into seven independently managed residential groups.

The experienced operator compassio will take over the running of the care home and the allocation of care places. In addition to long-term residential care, the facility will also offer short-term and respite care. The care home will create over 100 full-time and part-time jobs in the areas of care, administration, building services and other support services.

On the ground floor of the building, behind the hotel-style entrance area with reception and foyer, there is a library where residents can relax and a spacious residents’ restaurant with its own kitchen and sun terrace. Furthermore, the property will feature an in-house laundry facility for residents’ laundry, a care and wellness spa, therapy and doctors’ rooms, as well as a hairdresser’s and a chiropodist’s. Four bicycle parking spaces and 17 car parking spaces – six of which are accessible for disabled people – with charging points are also planned.

The park-style outdoor spaces will be available to all residents of the future Salzmann Quarter for activities, relaxation and socialising. With their green walking paths and benches, they invite residents to linger. Local amenities are also planned.

Kassel’s city centre – with its main railway station and the Old Town on the banks of the Fulda, offering numerous shopping opportunities as well as many public, cultural and social facilities and churches – is not far from the Salzmann Quarter. Also situated on the nearby banks of the Fulda are the Karlsaue City Park, the Auebad Kassel, the Buga site and the Auestadion Kassel. Furthermore, there are tram and bus stops in the vicinity of the newly developing quarter, providing regular connections to the city centre and the surrounding countryside.

The site of the former Salzmann factory now covers approximately 36,570 square metres and is still home to the listed, two-winged factory building dating from 1876, as well as a listed boiler house with a chimney. The careful, heritage-sensitive refurbishment of the listed buildings, as well as the construction of further buildings that will provide space for future life on the site, has already begun. In addition, the site – which was previously fenced off – is being opened up through the creation of new paths and crossings connecting it to the neighbourhood. In addition to subsidised and rent-free flats, as well as housing and care facilities for the elderly, the development will feature a mix of small businesses, a supermarket, restaurants, cultural venues and spaces for leisure and recreation. This will create a new, vibrant hub for all generations in the Kassel-Bettenhausen district.

An innovative product concept – Pecuria’s benefits for greater investor protection

Buyers of Pecuria flats can choose the location that best suits their lifestyle from over 160 care homes in Germany, offering more than 13,100 care places and over 1,100 assisted living units. This is because every purchaser of a Pecuria flat is entitled to a unique right of priority allocation, as set out in a certificate. This right applies exclusively to them and their close family members in accordance with Section 15 of the German Tax Code (AO) and ensures priority consideration when care places are allocated in one of the partner residences.

Pecuria is well aware of the strength of its properties, as they undergo rigorous scrutiny. That is why, even in challenging times, the team remains confident in their stability and backs this up with a guarantee against rent shortfalls – unique in the market – into which all Pecuria shareholders have contributed one million euros. Should insolvency-related rent shortfalls occur, this sum is available to the owners as a safeguard and to bridge any gaps in rent payments.

Pecuria offers its customers maximum transparency regarding the technical quality of its development sites, as well as their economic and social sustainability. Site-specific analyses and assessments carried out by TÜV SÜD and SozialGestaltung provide apartment buyers with comprehensive, detailed information from independent experts on the respective investment property, thereby offering a sound basis for decision-making regarding an attractive investment.

The properties offered by Pecuria are either newly built or currently under construction, and all meet at least the modern KfW40 standard. They comply with current building regulations and are inspected in this regard by independent experts from TÜV SÜD. Furthermore, they are subject to long-term tenancy agreements with the operators, lasting around 20 years or more; there is therefore no risk of the properties standing empty. Maintenance costs and modernisation expenses are, of course, negligible in the case of new-build properties. The fittings and fixtures in all Pecuria properties are very modern. Each residence is designed in a hotel-style and, in addition to an attractive reception area, features a restaurant with a fresh-cookery kitchen and a sun terrace. Depending on the location, residents also have access to hairdressing and chiropody services, an in-house laundry facility for residents’ laundry, therapeutic baths, treatment rooms, smoking lounges, a fireside lounge or even a library.

Pecuria properties are extremely energy-efficient and meet high KfW standards. Some projects still under construction are aiming for certification in accordance with the strict sustainability standards of the German Sustainable Building Council (DGNB). In some cases, this provides buyers of properties still under construction with attractive financing benefits through the pass-on of government subsidies for new builds from the KfW sustainability programmes. Thanks to the new declining balance depreciation options (AfA) at a rate of five per cent, buyers also benefit from high depreciation allowances and tax rebates. Buyers can obtain further details as part of the financing consultation.

Incidentally, thanks to their sustainable construction, all of Pecuria’s property listings already meet the requirements of the German Government’s Climate Protection Plan 2050, which, based on current knowledge, means that no further investment in the properties’ energy efficiency is required.