+Acquired August 1, 2008 – with approx. 8,750 m2 in Dortmund and Müllheim Purchase price 7.0 million EUR
Weissenburg Straße Renovation of various apartments and 240 m2 of commercial / farm buildings. In the street Short row 2 new apartments developed. Feldherrnstraße is completely renovated and the roofs expanded
+ All construction activities are financed through the current cash flow and will be completed at the end of 2019
+ After approved building permission in the Lange street row the attic is expanded and about 325 m2 of living space created. Scheduled start summer 2019.
+ At the time of purchase, the annual net cold rent was 500,000 EUR. After completion of the last roof extensions, the net rent is approximately 730,000 EUR.
+ For most properties, there are certificates of completion
+ The Strassfurter Str. has about 3,000 m2 of construction reserve
+ Total portfolio (8,750 m2) financed with 4.8 million EUR via Berlin Hyp