Acquisition of a residential building in Erfurt
According to the current investment strategy, LIVIA Real Estate acquired the third residential building in Thuringia. The property is located in Bruehlervorstadt, which is one of the most attractive urban residential districts in Erfurt. Especially Wilhelm-Kuelz-Strasse features a series of refurnished properties built around the turn of the century. The acquired building was constructed in 1910 and completely renovated to the highest standards in 2000. LIVIA Real Estate decided to invest in Thuringia as a new investment location due to the current positive development in this area. Average, good and prime locations have seen rents rising in line with increasing demand for housing space.
The property comprises a leasable area of approximately 500 square meters, which in turn are divided into 8 accommodation units. Furthermore, there are seven parking spaces out back, which are used by the leasers.