BAWOAG GmbH & Co. KGaA is a company based in Bochum that invests in publicly subsidized apartments and privately financed residential and commercial space under its own management. The target market is the quiet area, preferably in Dortmund and Witten. The medium-term aim is to expand the portfolio to €100 million and supplement it with high-quality project developments in very good locations.
Macro location Dortmund
The Ruhrpott city has successfully introduced the structural change from mining to service location.
With around 53,500 students at six universities, including the Technical University of Dortmund, and 19 other scientific institutions, Dortmund is one of the ten largest university cities in Germany and is also an important science and high-tech location.
In Terms of dynamics among the top 20
The Ruhrpott city has successfully initiated the structural change and made it into the top 20 cities of the dynamic ranking of the Institut der Wirtschaft at the end of 2020. This was an improvement of ten places to 16th place.
High prices increase
The positive development has had an impact on the real estate market. In Dortmund, prices for owner-occupied apartments rose by 28.7% last year. That was second in Germany.
The pandemic year 2020 has shown that the German real estate investment market is very robust and stable. In JLL's sales ranking, Germany ranks second with USD 72 billion, behind the USA with USD 312 billion. The UK (USD 54 billion) and Japan (USD 42 billion) follow in third and fourth place.
Prices continue to rise
Last year, the German transaction market for residential and commercial properties not only achieved the second-best result after the record year of 2019, in which EUR 37.7 billion was achieved, but also reached EUR 36.5 billion. Offer prices rose even more strongly than in previous years. This is the result of a study by Engel & Völkers. According to the report, however, the average asking prices for apartment buildings have risen even more than in previous years. Existing properties would have increased in price by around 10.7%. In previous years, it was an average of 7.2%. The brokerage house registers a price increase of 80% for residential and commercial buildings between 2012 and 2020.
More pictures of the object
Please note that this is merely a non-binding convenience translation. If you have problems of comprehension, please seek external support.