Langenfeld – Project Exit

One year earlier than expected we successfully sold our co-investment project in Langenfeld, Germany at great profit. The swift implementation of our business plan, including CAPEX measures and the leasing out of nearly all the 30% vacancy, allowed the office buildings in Langenfeld to be sold to a life insurance company in April 2020. The exit was reached after 23 months, while we had originally planned with an investment term of 35 months. The exit leaves our co-investors with a net total return of 66% or 35% p.a.

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