A Düsseldorf entrepreneur who is restructuring his real estate portfolio commissioned Aengevelt Immobilien exclusively with the sale of an apartment package. Aengevelt recommended the respective individual sale and brokered a fully rented apartment building in the city of Neuss, which borders Düsseldorf, for a seven-digit euro amount. The property, which was built in the 1960s, comprises 10 residential units with a total lettable area of around 650 m². The buyer is a private investor, which is further expanding its local portfolio with the acquisition. The purchase price was not disclosed. The gross initial yield is stated at around 5.3% p.a.
