| Aquisition Date/Sale Date | March 3, 2020 / To be announced |
| Type of use | Development of Residential building |
| Leasable Area | 870 sq.m. |
| Expected IRR | 30,00% |
City of Oberhausen
Achievements
- Garages were all rented out
- All needed and necessary document were prepared to apply for a residential building license
- Application was submitted to the city’s building authorities
- Application was granted in Dec 2021
- Construction works started 1st Quarter 2022
- Construction is expected to be done at the 4th quarter 2023
- Number of apartments to be constructed – 9
