Florian Wellmann Immobilien has successfully brokered a multi-family house ensemble in Wilhelmshaven as part of an exclusive sole mandate. The portfolio in question comprises 38 residential units located in the city centre. This residential asset class is characterised by a total rental area of 1,578 square metres, situated on a plot of 2,489 square metres. The transaction highlights the continued interest in stable property investments in secondary locations, which offer both returns and development potential.
The brokered property has a purchase price factor of just under 12, coupled with a gross initial yield of over 8 per cent. A particularly noteworthy feature is the full occupancy rate of 100 per cent, which generates immediate and reliable income. The current annual net cold rent amounts to 209,753 EUR, further underscoring the attractiveness of this investment. Despite the high utilisation, there is also significant densification potential, which allows for future value appreciation.
Parties Involved and Strategic Alignment
The seller was represented by a property company whose owner is a physician based in Switzerland. On the buyer side, an investor also working as a physician and established in Wilhelmshaven was able to secure the portfolio. This local rootedness of the buyer suggests a targeted regional investment strategy. The entire transaction was significantly structured and successfully managed by the expertise of real estate agent Jeremy Dammann, as well as transaction advisors Jens Kuhlmann and Linus Segelke from Florian Wellmann Immobilien.
Jens Kuhlmann commented on the potential of the properties. He highlighted that there is a densification perspective for approximately 1,900 square metres of gross floor area (GFA) in the rear part of the plot. This opens up options for expansion and thus for increasing returns. The potential for rent adjustments and energy optimisations, which can secure the long-term value of the properties, was also emphasised. These factors contribute to increasing the attractiveness for a portfolio developer.
The buyer plans to hold the acquired portfolio in their long-term inventory within their cash flow strategy and to develop it further strategically. This strategic alignment underscores the focus on sustainable value creation and portfolio development, which goes beyond merely generating rental income. The transaction thus represents an example of a value-oriented property acquisition, where both current returns and future development opportunities were considered.
