Developer
The Alpha Real Estate Group is a nationwide active asset and investment manager specialising in residential real estate. The focus of its activities is on the privatisation of residential portfolios. With its range of services, Alpha Real Estate Group realizes potential for private investors and professional investors as well as for tenants and owner-occupiers. A full range of property management services complements the portfolio of the fast-growing real estate company.
Macro position
The university city of Bielefeld is the eighth largest city in North Rhine-Westphalia and has about 334,000 inhabitants, including 35,000 students. The city is located in the heart of East Westphalia and is the engine for the surrounding economic region.
In addition to a number of internationally renowned corporations such as Bertelsmann, Dr. Oetker or Miele, the small and medium-sized businesses there are led by numerous hidden champions. 290,000 employees subject to social insurance contributions work in the companies in the eleven partner municipalities. Together, they make Ostwestfalen-Lippe one of the most sustainable economic regions in Germany. Entrepreneurship with a down-to-earth approach, innovative spirit and excellent transport connections are the catalysts for start-ups and further growth.
Important educational region
With eight universities, the region is of outstanding importance as a centre of science. As a result, companies benefit from excellent training of specialists and managers on site. About 40,000 students are trained in the region. The Bertelsmann Stiftung and the Center for Higher Education Development (CHE) are also known nationwide as a think tank.
Small appartments in demand
The high proportion of students and young professionals means that the demand for apartments with 1 to 3 rooms is constantly increasing. In general, the housing stock in Bielefeld grew by 3.3% to 171,410 residential units between 2010 and 2018. One-room flats have continued to decline. Two-room apartments (+1,205), three-room apartments (+1,472), four-room apartments (+843) and apartments with five or more rooms (+2,049) have increased. At the same time, the structural vacancy rate is decreasing and continues to decline at 0.3% of the housing stock. This is the lowest value in 14 years.
Location
The portfolio consists of four plots of land, some of which are developed with several properties. The usage consists of 100% residential properties. Two properties are located in the immediate vicinity of Bielefeld's main railway station, while the remaining properties are located at two sites south of the city centre in the Brackwede district. Brackwede is known for its good infrastructural connections and direct proximity to the southern part of the Teutoburger Wald. The portfolio has a total living space of approx. 8,812 sqm, which is divided among 147 apartments. With the exception of the residential complex "Düsseldorfer Str. 41-51, Rostocker Str. 18-20, Wittenberger Str. 12-18, 15-27, in 33615 Bielefeld", the remaining properties will be sold en-bloc.
Documents
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