Marl Business Apartments
Marl

Business Apartments

The residential building in Marl with a floor area of about 2,500 m² and a land area of 12,000 m² was acquired by a publicly-listed company in 2015 as part of a portfolio transaction. The vacancy rate was around 32% at the time of acquisition. The development phase was completed in 2017. As part of the conversion to a block of flats, the majority of the flats were renovated, the outdoor facilities and the entrance area redesigned, and the flats fully furnished. Within nearly three years, all of the 66 business flats were leased. Following successful renovation and leasing, the property, which is located in the Hüls district, was sold to a long-term portfolio holder in 2018.

Project Information

Location

Marl
Hüls District

Status

Full Occupancy

66

Flats

2015

Purchase

Development Goal

Complete Refurbishment
incl. Furnishing Accomplished

approx. 2,500 m²

Land Area

approx. 12,000 m²

Land Area

Further Projects in Serviced Apartments