SalomonStettin Investment advised on and brokered the successful sale of two multi-family residential buildings in Friedrichsdorf. The two residential properties are situated in Ostpreußenstraße and form a self-contained residential scheme that has changed hands as part of the transaction. The advisory firm was responsible for brokering and managing the sales process.
Constructed in 1970, the property comprises a total of 40 residential units. Together, the units extend across a total living space of around 3,000 square metres. The buildings are in a well-maintained condition commensurate with their year of construction.
Given its structural condition and configuration, the ensemble provides a sound basis for a long-term real estate investment in Friedrichsdorf, Hesse.
Transaction structure and parties involved
The vendor was a family office from Munich, which disposed of the two existing properties in Ostpreußenstraße. The purchaser was a real estate investment company based in Hanau, which is taking the 40 residential units into its own investment portfolio.
- —Property: Two multi-family buildings in Ostpreußenstraße in Friedrichsdorf
- —Key data: Built in 1970, 40 residential units, around 3,000 square metres of living space
- —Vendor: Family office from Munich
- —Purchaser: Real estate investment company from Hanau
Brokerage and confidentiality
SalomonStettin Investment acted as the mediating broker throughout the sale and brought both parties together. Following the completion of the transaction, the firm congratulated both the purchaser and the vendor, thanking everyone involved for the pleasant, collaborative and professional cooperation.
The parties involved agreed not to disclose the purchase price or any other commercial details of the transaction.
