Picture: Manfred Sodia Photography
Mixed-use property with serviced apartments, student accommodation and commercial space
248 apartments with a total lettable area of 7,400 sqm; aam2core's micro-living platform
takes over asset management of the complex
NUMA Group to operate 112 serviced apartments
Reos takes over digital property management of 136 micro-living units
Frankfurt am Main, 17th October 2024 - Frankfurt based aam2core Holding AG has taken over the asset management of a mixed-use property in Cologne-Ehrenfeld. The property, located at Venloer Strasse 241-245, comprises serviced apartments, micro-living apartments for young professionals and students as well as commercial space. The mandate was given on behalf of a family office. The building is the former administrative headquarters of the perfume brand 4711, a historic building that was completely renovated in 2020 and converted into a microapartment complex.
NUMA Group, Europe's leading operator of digitalised boutique apartments, will manage the serviced apartments under a long-term green lease. Together with aam2core, they will carry out a comprehensive technological upgrade of the 112 units, with a total of approximately 290 beds.
After the modernisation, the apartments will reopen under the name "NUMA Cologne Ehrenfeld". The 136 micro-apartments will be managed via a PBSA platform developed by aam2core and Reos. The platform currently manages a successful portfolio of eleven student residences totalling 3,300 units across the DACH region.
"We are proud to extend our long-standing partnership and appreciate the trust placed in our digital property management," says Jan-Christoph Maiwaldt, CEO of Reos. "The 4711 project is another milestone in our sustainable growth towards market leadership in digital micro apartment management in the DACH region."
The property is further enhanced by five commercial units on the ground floor, four of which are restaurants, with a total area of 1,290 sqm.
The property, located in the Ehrenfeld district of Cologne, is characterised by its mixed use and good infrastructure. Its proximity to Cologne-Ehrenfeld station and the old town makes it attractive for both tourists and business travellers.
"We are very pleased to add this landmark property to our micro-living portfolio. The building fits perfectly with our strategy of investing in up-and-coming cities and neighbourhoods. We are delighted to have NUMA as a strong partner and look forward to further optimising this historic property," says Paul Hohenstatt, Director of Investments at aam2core Holding AG.
Philipp Rohweder, Director of Real Estate at NUMA Group, adds: "Ehrenfeld is a district with a diverse cultural landscape. Together with aam2core, we will implement our concept in Cologne and modernise the apartments to offer contemporary and comfortable accommodation".
About NUMA Group
Berlin-based NUMA Group is Europe's leading operator of fully digitized boutique apartments and a technology developer. With the tagline “We do the room. You do the city.”, the company offers innovative design hotels for modern travelers. As a reliable partner for investors, owners, and developers, NUMA uses proprietary technology-based operating solutions that largely automate operational processes and increase cost efficiencies and revenues. NUMA successfully operates more than 8,000 units in major European A-cities, including Berlin, Munich, Rome, Milan, Madrid, Barcelona, and Vienna. For more information, visit:
Abou Reos
Reos is a leading company in digital property management in the DACH region. With proprietary software solutions and smart-building expertise, Reos offers efficient and sustainable property management for residential properties and modern asset classes such as micro-living and urban quarters. Through the successful implementation of numerous mandates, Reos has established itself as a trusted partner for asset managers of large residential portfolios. Since 2017, the Hamburg-based company, with 90 employees, has relied on intelligent building control, cloud-based processes, and real-time data to digitally map the entire property management lifecycle.
About aam2core Holding AG
aam2core is a real estate investment manager for residential, office and logistics / light industrial properties for institutional and non-institutional investors. Its subsidiary, aam2core Service GmbH - a BaFin-registered capital management company - acquires and manages office properties for (semi-)professional investors via direct mandates and seven specialized fund solutions. The company manages a total of EUR 3.2 billion in assets with a total area of nearly 1.7 million sqm, serviced by approximately 90 employees. aam2core invests in Germany and Austria. The company is headquartered in Frankfurt am Main with offices in Berlin, Bad Homburg, Düsseldorf, Grünwald and Leipzig. The Management Board of aam2core Holding AG consists of Jens Ebert, Stefan de Greiff, and Michael Schleich.
Press release October 17, 2024
Published by Süheda Zock
Marketing Manager
aam2core Holding AG