The housing stock in Glücksburg, Schleswig-Holstein, east of Flensburg, was acquired by a publicly-listed company in 2016 as part of a portfolio transaction together with other properties. The holdings with approximately 50 flats have vacancy rates of more than 20%. They comprise a stock floor area of 4,000 m² and a land area of approximately 12,000 m². In addition to the reduction in vacancies, the current focus is particularly on the valorisation of the structural facilities and the development of the quarter. To that end, we are working closely with local authorities and stakeholders. The aim is the revitalisation of the properties and the creation of a habitable living quarter.