SEIL Real Estate, as part of the SEIL Group, assisted with the acquisition of a residential and commercial building in a prime Wiesbaden location. The property is situated on Rheinstraße, in the immediate vicinity of the main railway station and the pedestrian zone of the Hessian state capital.
SEIL Real Estate's mandate was part of a multi-site assignment that included Wiesbaden, Frankfurt am Main, and Mainz-Kostheim. The property in question, which has been extensively refurbished, boasts a rental area of almost 2,800 square metres. This area is distributed over a plot of approximately 1,234 square metres.
The breakdown of rental areas shows that approximately 59 per cent of the total area is allocated to 47 high-quality residential units. The remaining circa 41 per cent is assigned to a single commercial unit. At the time of the transaction, the property was fully let. Furthermore, both underground car park spaces and outdoor parking spaces are part of the property's amenities.
Location and Property Characteristics
The central positioning of the property between the main railway station and the city centre allows for the combination of established residential use with retail spaces in a high-frequency environment. The building recently underwent a comprehensive renovation, encompassing both energy efficiency and technical aspects. Confidentiality was agreed upon regarding the purchase price, which was in the double-digit millions, and the identities of the buyer and seller parties involved.
Maximilian Seil, founder of the SEIL Group, commented on the transaction, stating that the first company of the group was founded in Wiesbaden in 2011/2012. The city continues to represent a significant submarket for the group. The entrepreneurial focus has since grown to include nationwide mandates and transactions. It is therefore particularly gratifying to be able to apply their expertise in their founding region and successfully assist with transactions in prime locations.
Company Development and Market Presence
- —The first company of the SEIL Group was established in Wiesbaden in 2011/2012.
- —The city of Wiesbaden remains an important submarket for the SEIL Group.
- —The company's focus has expanded to nationwide mandates and transactions.
Assisting with this transaction underscores SEIL Real Estate's market position as an experienced partner in brokering high-quality real estate properties in sought-after locations. The company's expertise thus continues to be utilised both regionally and nationally.
