A high-quality facility for student accommodation with approx. 300 beds in a good location in Frankfurt with considerable vacancies (approx. 70%) 12 months after opening.
Development of a new asset management plan for the residential property: Re-positioning of part of the property, including the definition of a new target group and the creation of common areas. The average underwritten rent level could be maintained despite a re-pricing of almost all apartments.
The occupancy rate was raised to approx. 75% within four months.