Mannheim, xx June 2020 – The Alpha Real Estate Group, a Germany-wide asset and investment manager based in Mannheim, has acquired a new residential portfolio comprising 204 residential units and 206 parking spaces in Hildesheim, Lower Saxony. The seller is a large German residential portfolio holder.
The residential units, built in 1983, provide a total rental area of 12,400 m2, with an average apartment size of approx. 60 m2. The current vacancy rate is around 2.5 percent. Denis Gebhardt, Head of Asset Management at the Alpha Real Estate Group, says: “Thanks to these transactions in Garbsen and Hildesheim, both located near to the regional capital, Hannover, we can use synergy effects strategically in our management to increase the value appreciation potential even further.”
“As we have been able to achieve a clear increase in turnover in our privatisation business over the first six months of this year compared to last year, we are always on the look out for further residential buildings and portfolios that are suitable for apartment privatisation”, adds Steven Nollau, Head of Acquisition at the Alpha Real Estate Group.
The town of Hildesheim is located about 20 miles from Hannover, the regional capital of Lower Saxony, which is very accessible using public transport. The apartments in the portfolio are within walking distance of the Hildesheim university campus, various important local supply shops and basic health care facilities. Its proximity to the A7 and the three different ICE railway lines that stop in Hildesheim station ensure good regional connections.
Law firm VETO LAWFIRM assisted the buyers in completing the legal details of the transaction.
About the Alpha Real Estate Group
The Alpha Real Estate Group is a Germany-wide asset and investment manager specialising in the residential sector. Its focus of activity is on the privatisation of residential portfolios. Its offerings enable the Alpha Real Estate Group to realise the full potential of private and professional investors as well as leasers and owner-occupiers. A comprehensive range of services in the property management sector completes the portfolio of this fast-growing real estate company.
Feldhoff & Cie. GmbH
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