Part of the housing stock in Lower Saxony was acquired by a listed company in 2016 as part of a portfolio transaction. When purchased , the real estate portfolios had vacancy rates of between 20% and 35% per location. In 2018, other properties could be acquired in addition. In total, there are now about 700 flats at the locations Oldenburg, Cuxhaven, Goslar and Nordenham with a stock floor space of approximately 41,000 m² and a total land area of around 108,000 m².
In addition to reducing the vacancy rate, the current tasks primarily include upgrading the buildings, developing individual quarters and concluding urban development contracts. Therefore, we work closely with local authorities and stakeholders. The goal is to revitalize the properties and create livable residential areas.