The residential buildings in need of renovation in southeastern Luneburg were acquired in 2019 after several years of insolvency as part of a forced sale procedure. At the time of purchase, the portfolio of around 265 apartments showed considerable vacancies and a high proportion of tenants with poor payment practices. Due to many years of insolvency and the associated investment backlog, the buildings from the 1970s require comprehensive renovation measures.
The first of nine buildings was completed at the end of 2022 and is already fully let. In August 2023, a block of flats for seniors was opened. From October 2023, students will find their home in beautiful shared flats for 2 and 3 people and will continue to enliven the quarter. All units are to be renovated by the end of 2024, so that the project will be completed in spring 2025 with the renewal of the outdoor facilities and green spaces.
Energetic renovation of existing buildings
With the general refurbishment, the property from the early 1970s will achieve the KfW 55 energy house standard. The facade insulation, the replacement of the heating system and windows, the installation of a photovoltaic system on the roofs and the future supply with bio-energy from avacon can result in savings of up to 50% in ancillary rental costs.
Facts about the project
approx. 16,000 m²
approx. 16,000 m²
Revitalization and vacancy reduction
KfW 55 efficiency house
„We wish for a lively district where anyone can feel at home. Young and old, families and singles. We know that there are easier projects - but at ECKPFEILER we love challenges.“
– Manuel Trinkgeld, Senior Project Manager ECKPFEILER Immobilien Gruppe
Location & Surroundings
Typical for the Hanseatic city of Luneburg in Lower Saxony are the Gothic brick buildings, which can be especially admired around the town hall. The city with over 75,000 inhabitants is located about 50 km south-east of Hamburg and is part of the Hamburg metropolitan region. The predominantly medium-sized entrepreneurial landscape is characterized by mechanical engineering, automation technology, vehicle construction and agriculture.
The project is located in Kaltenmoor, the most populous district of Luneburg with a well-developed infrastructure. There are schools and kindergartens, an outdoor swimming pool, a sports park and shops for daily needs in the immediate vicinity. In the 1960s, in the course of urban planning, the attention was paid to a mix of different types of housing - from classic private homes to clinker-clad high-rise buildings. Also many green and recreational areas were created then.