Schleswig-Holstein Housing Stock
The residential portfolio in Glucksburg, Schleswig-Holstein, east of Flensburg, was acquired from a listed company in 2016 as part of a portfolio transaction together with other properties. The portfolios of approximately 50 flats have vacancy rates of more than 20%. They comprise an existing floor area of 4,000 m² and a plot area of approximately 12,000 m². In addition to reducing the vacancy rate, the current focus is on upgrading the buildings and developing the neighbourhood. To this end, we worked closely with local authorities and stakeholders. The goal was to revitalise the properties and create a liveable residential neighbourhood.