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Hereโs the thinking behind https://t.co/efAmGb1o1Uโs latest โฌ24M acquisition - a 315-unit student housing asset in the heart of Western Germany:
Germanyโs student housing market is structurally undersupplied - especially in Tier, whose university is part of the University of the Greater Region. This cross-border alliance of seven universities with over 140,000 students fosters academic mobility across institutions. Apart from the limited public offering provided by the student union, there is only one comparable private provider of student apartments; however, they primarily offer unfurnished units. Our product is therefore unique in the market, located directly on the university campuses.
The main value driver of this investment is the replacement of the current operator (whose lease expires in September this year) with a professional operator offering a modern, target-group-oriented product. This includes professional furnishing, communal areas such as a learning lounge, and upgrades to the outdoor spaces, including a barbecue area and a padel court. These improvements are expected to significantly increase rental income. Additionally, there is potential to create 42 additional units by repurposing currently unused community areas, thereby increasing the income potential of the asset.
The asset is planned to undergo a comprehensive energy-efficient refurbishment, including heat pumps, solar PV, and improvements to the building envelope to meet current ESG requirements of institutional investors. Therefore, subsidised KfW loans with repayment grants can be utilised, further enhancing the exit value of the property.
Proud of the entire team at @PropGlobal!
Just a few months after welcoming our new Chief Investment Officer, Paul, weโre already making strong headway in our โฌ400M expansion into the European residential markets for 2025.
The vision of building a digitally enabled real estate value chain has been anything but linearโmarked by both momentum and resistance. Transforming a traditionally rigid industry hasnโt come without its challenges. We've received incredible support, but also our fair share of rejection from an ecosystem that hasnโt always welcomed innovation.
To truly put our money where our mouth isโand with a favourable shift in the residential cycle due to easing interest rates, as well as a challenging European (re)financing climateโwe took the bold step to incubate a robust in-house portfolio, capable of showing our technological innovation at work on full-scale!
So far it's already proving to be the foundation for something exceptional.
Big things ahead.
https://t.co/efAmGb1VRs is excited to announce our first German deal. 315-unit student housing property acquired in Trier, marking our official entry into the German market.
Comprehensive refurbishment planned with spring 2026 reopening target. Advanced negotiations already underway for additional acquisitions in Cologne and Munich.
Germany, here we come.
#RealEstate #Germany #StudentHousing #Prop
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Large funding rounds are not as common in the Web3 space as they used to be, the latest report from Crunchbase confirms.
Read more ๐https://t.co/VyEg102xW4
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๐๐๐ ๐๐ซ๐๐ง๐ญ๐ฌ ๐๐ฑ๐๐ฆ๐ฉ๐ญ๐ข๐จ๐ง๐ฌ ๐ญ๐จ ๐๐๐ฅ๐๐๐ญ ๐ ๐ข๐ซ๐ฆ๐ฌ ๐๐ซ๐จ๐ฆ ๐๐ซ๐ฒ๐ฉ๐ญ๐จ ๐๐๐๐จ๐ฎ๐ง๐ญ๐ข๐ง๐ ๐๐ฎ๐ฅ๐ฅ๐๐ญ๐ข๐ง
โ...that is available to any entity that would want to be providing crypto asset safeguarding services."
Read more ๐https://t.co/vXi9AENdR6
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๐๐ ๐๐๐จ๐ง๐จ๐ฆ๐ฒ ๐๐๐๐ฌ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐๐ฒ, ๐๐๐ ๐๐ข๐ญ๐ฌ ๐ ๐จ๐ฎ๐ซ-๐๐จ๐ง๐ญ๐ก ๐๐ข๐ ๐ก
The British pound rose to its highest level in four months. This could lower the chances of an interest rate cut in August.
Read more ๐https://t.co/2L93CCYpqE
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