Berlin

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+ Acquired in August 2006 – with 7,643 m2 in Friedrichshein, Berlin. Purchase price 7.5 million euros, net cold rent = 495,000 EUR

+ Asset-Management:
Colbestr. Facade, stairwell, loft conversion 325 m2 attic apartments

+ All construction measures in Colbestrabe are funded through current cash flow

+ Today’s net cold rent 690,000 euros after loft conversion Colbestrabe additional net cold rent 58,500 EUR

+ For the object properties there are certificates of secrecy

+ Building permit for the extension of the roof, as well as extension for the Palisadenstra├če property. There are about 2,700 m2 of living space. Planned completion in late 2020

+ According to the market estimate, the purchase price is 8.9 million EUR for the property Colbestra├če 25-29

+ Total portfolio (7,643 m2) financed with 7.8 mio Euro through NYKREDIT in Denmark

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