Residential area Alte Schule Wentorf

New residential construction with 33 funded residential units

33 funded apartments were constructed prior to May 2018 in a section of Wentorf construction area. Assetando attained the fund level, fund path 1 (regional level IV) of the state of Schleswig-Holstein, which is very attractive for long-term portfolio holders. Besides the good macro and micro location a promising, energy-saving construction method in the so-called efficient house standard 70 is the basis for this sustainable residential property investment.

Construction begin

Assetando purchased the site of the former Wentorf primary school in November 2015 together with the project development partner and constructed 33 new apartments.

Location

The community of Wentorf near Hamburg is in the south-western section of the district of Herzogtum Lauenburg and borders directly onto Hamburg in the south and west. The approximately 11,000 inhabitants enjoy high recreational value while still benefitting from very good connections to the neighbouring metropolis.

Advantages

The construction project is located centrally but still in a quiet area. The residential project with 33 residential units will receive comprehensive public funding. Assetando’s main tasks are consultancy in relation to the public funding, commercial project management and investor coordination.

2,042 m²

Total living area

33

Residential units

plus 39 parking spaces

2018

Completion