New opportunities in the Rostock investment market
EXPANSION OF C&P IMMOBILIEN AG IN GERMANY
With the expansion of the investment portfolio to include high-return projects from the ‘existing real estate’ segment, C&P Immobilien AG is strengthening its position on the German real estate market on a sustainable basis. The ‘Tower’ at the new destination of Rostock offers investors attractive returns and our renowned all-under-one-roof service.
C&P Immobilien AG is opening a new and extremely interesting investor location to its clients with the Tower at Berthold-Brecht-Straße 22 in Rostock and is, as a result, continuing its strategic expansion in Germany.
A look at Rostock
The northern German Hanseatic and university city is the most populous in Mecklenburg-Vorpommern with approximately 210,000 inhabitants. It serves as the economic hub of the state and, in addition to the traditional maritime economy of the Rostock shipyards, its tourism, education and IT sectors generate a GDP per capita that is around 25% higher than average and which is also characterised by an above-average employment rate.
The Tower
The economic development of Rostock is also reflected in the real estate sector. The attractiveness of the Rostock investment market is particularly evident in the example of the ongoing ‘Tower Rostock’ project. With 19 star-shaped floors, the tower consists of 162 living units on a total of about 8,211 square metres of rental space or, alternatively, over about one hectare of land.
Terraced houses built between 1969 and 1978 are located in the immediate vicinity as is the Fischerdorf (or Fishing Village), a park which offers the necessary space for relaxation thanks to its lush greenery. While floors 1-12 are operated as a popular and busy guest house, some of the apartments on the upper floors enjoy a breathtaking view of the distance all the way out to Warnemünde.
The investment volume amounts to around €15 million and investment apartments can be purchased here from around €100,000. In addition to the expected attractive returns, Tower Rostock also offers the already established all-under-one-roof service from C&P Immobilien AG. As a full-service partner for investors, C&P not only provides advice during the acquisition phase but also takes on the subsequent letting and management of the property.
New markets New opportunities.
However, Rostock is only the first step in this expansion. Working from its German headquarters in Berlin, the Austrian market leader for capital investment apartments is focused on expanding and differentiating its range of products in addition to the already successful, high-quality new construction projects in Berlin and Brandenburg. New profit opportunities are opening up for interested investors in markets other than the BIG5 Cities in Germany.
For Ing. Markus Ritter, CEO of C&P Immobilien AG, the development of ‘hidden returns’ in the so-called existing property segment represents an intelligent and strategic expansion of the C&P product portfolio on the one hand and, on the other, an underestimated investment market.
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| “Rostock is one of Germany’s underestimated investment markets.“
Ing. Markus Ritter |
The central management of business activities in Germany will continue to be based in Berlin. In addition, at least three further property management locations are planned throughout Germany in order to ensure local management for existing and future tenants.
Further information:
www.cp-ag.at
