- Impressive second acquisition for the only recently launched residential real estate fund domiciliumINVEST
Hamburg, 20 September 2018. The investment and asset manager Hamburg Trust has acquired the first eight storeys of the elegant apartments project “WinWin” in Düsseldorf for its closed-end special AIF domiciliumINVEST. In total, the 78 apartments comprise approx. 3,250 square meters of living space – the fund thus owns approx. 40% of the 20-storey building. The latter is sold by Frankonia Eurobau, a real estate investment company which specializes in project developments .
The overall “WinWin” project is the most important residential project development in Düsseldorf´s Medienhafen and comprises a total of 400 apartments in one loft house and two high-rise buildings. Completion of the project is scheduled for 2020. The ensemble is located right on the waterfront at Speditionsstraße 4-6, in the immediate vicinity of the Hyatt Hotel. The entire Medienhafen area is characterized by upscale offices and a great diversity of restaurants. Specifically, the apartments will be equipped with high-class furniture and have a representative entrance area.
“Düsseldorf is very attractive with a view to residential investments – low vacancy rates and the city’s positive demographic as well as economic development lead to a high demand regarding living quarters. In particular, this applies to furnished apartments, which meet today’s requirements in terms of flexibility and comfort,” says Oliver Priggemeyer, COO with Hamburg Trust.
domiciliumINVEST is one of Hamburg Trust´s six funds for institutional investors. The special fund with a target volume of 600 million Euros invests in a vast range of diffferent residential properties in metropolises and medium-sized towns with populations and economies which develop dynamically.