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Serviced Apartments

Eyemaxx Real Estate secures project for 157 Serviced Apartments in Essen

Eyemaxx Real Estate AG has secured an attractive project to build a total of 157 Serviced Apartments in Essen. The company hence executes the market entry into this high growth segment of the commercial real estate market, in conformity with its strategy, with a project which boasts a return on equity (IRR) in the upper doubl...
Monday, 23. April 2018

Pegasus Capital and Stonehill are developing another apartment building in Vienna

The follow-up project is in the pipeline: Pegasus Capital Partners, together with developer Stonehill, is planning another apartment building in Vienna on a plot of ​​12,000 sqm. It will comprise around 190 units and is located on Dresdner Strasse. The planning application has already been submitted in the middle of January a...
Tuesday, 10. April 2018

GEG specifies plans for Riverpark Tower and Union Investment’s current headquarters

GEG German Estate Group AG has provided further details concerning its Riverpark Tower project development, taking further decisions for realisation. For instance, celebrated architect Ole Scheeren will not only be responsible for the tower building's overall design, but will also oversee its interior design – comprising the ...
Thursday, 22. March 2018

Brookfield buys Oaktree's serviced apartment business for €485m

Brookfield Property Partners has exchanged contracts to acquire Oaktree Capital Management's serviced apartment business SACO for £430m (€485m). The US asset manager placed the business under offer in October last year, and fought off competition from other investors – including Mapletree and Invesco on behalf of its new Euro...
Tuesday, 13. February 2018

Novum and Merkur Development build third „Niu“ hotel in Stuttgart

Novum Hospitality and Merkur Development Holding GmbH have started construction work on a third „Niu“ hotel in the Fasanenhof district (Vor dem Lauch 16) of Stuttgart. 144 hotel rooms and 110 serviced apartments, with a total BGF (≈GEA) of around 10,500 sq m, are to be constructed. Completion is scheduled for autumn 2019. The...
Wednesday, 17. January 2018