Acquisition of an historic residential and commercial building in Erfurt.Media Release - 12.09.2014
LIVIA Real Estate acquired the fourth residential and commercil building in Thuringia. The property is located in Erfurt-Altstadt, which is one of the most attractive urban residential and commercial districts in Erfurt. The part of the historic district around Lange Bruecke, where the building is located features a series of refurnished properties built around the turn of the century. High frequented stores and sought after flats are as well located in this quarter. The acquired building was constructed in 1900 and completely renovated in 2009. LIVIA Real Estate still pursues the target of investing in Thuringia 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 1.200 square meters, which in turn is divided into four accommodation and three commercial units. They are let to two namable retail businesses and an office.