GIEAG’s second mainstay – besides our project development activities – lies in building up our own portfolio of properties. Our focus here is on residential properties that offer a particular, long-term potential through restructuring, revitalisation and repositioning. Our portfolio currently comprises around 500 residential units with an annual net rent return of approximately €1.6 million. GIEAG manages its portfolio properties on its own.
The Leipheim housing is situated in the former military airbase of Leipheim, to the east of Ulm. GIEAG acquired this property in 2009 and renovated the buildings in 2010. Our aim is to ensure that the value of the property and location increase in the long term, and that a large number of the apartments be retained in our investment portfolio long term.
Use – Residential
Floor Space – 30.044 sq m
Units – 200
Investor – GIEAG
Gaggenau is situated approx. 30 km south of Karlsruhe. The Gaggenau I portfolio consists of 15 buildings comprising 221 apartments. The centre of the town and the railway station are within walking distance. Attached to the buildings are three carports, 129 garages and 92 outside parking spaces.
Use – Residential
Floor Space – 16.031 sq m
Units – 221
Investor – GIEAG
Gaggenau II is also situated in the direct vicinity of the city centre and railway station. This portfolio, which is slightly smaller, comprises six buildings with a total of 25 apartments. As with Gaggenau I, the central location and the strong economy and industry in the region ensure that apartments are rarely left unoccupied for long.
Use – Residential
Floor Space – 2.581 sq m
Units – 25
Investor – GIEAG
This property, located close to Fürstenfeldbruck, comprises five buildings and is just 15 minutes away from Munich. GIEAG acquired these former company flats in 2008. They are currently being partially renovated. Being so close to Munich ensures they are rarely unoccupied.
Use – Residential
Floor Space – 4.200 sq m
Units – 76
Investor – GIEAG