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Issuer: 777 Capital Partners AG / Keyword(s): Real Estate
20.06.2022 / 07:30
The issuer is solely responsible for the content of this announcement.
777 Capital Partners takes over asset management of a serviced apartment building in central Munich and secures NUMA as a long-term tenant
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777 Capital Partners signs a contract for the asset management of a modern serviced apartment building in Rosenheimer Strasse
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Apartment complex comprising 55 rooms with a gross leasable area of approximately 1,500 square meters
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NUMA Group signs a long-term lease for the entire property
Baar-Zug (Switzerland), June 20, 2022. 777 Capital Partners AG (777 Capital Partners) is taking over the asset management of a serviced apartment building with 55 rooms and approximately 1,500 square meters of lettable space in a central location in Munich. The property belongs to the Swiss family office W5 Group. With regard to the building in Frankfurt, 777 Capital Partners was able to secure the international NUMA Group (NUMA) as a long-term tenant. NUMA took over the operation of the Rosenheimer Strasse serviced apartment from former operator JOYN on June 1st.
Thomas Landschreiber, partner and co-founder of 777 Capital Partners: “We are taking over the asset management of a promising serviced apartment complex in an absolutely prime location. Furthermore, I am pleased with the conclusion of the lease agreement long-term with NUMA, as we extend our proven cooperation in Munich.”
The 55 apartments rented from NUMA are functional but furnished to a very high standard. All accommodation features a seating area with a flat-screen TV and a private bathroom with a shower. Some apartments also have a kitchenette with dishwasher and hotplates. The building is located at the intersection of Rosenheimer Strasse and Anzinger Strasse, right next to the booming district of Berg am Laim. In the direct surroundings of the property there are currently many new neighborhood developments – including the Macherei and the Werksviertel – with modern workplaces and a wide range of restaurants. Additionally, the property is well served by public transport, including the nearby Ostbahnhof train station with direct connections to Munich Airport.
Press inquiries
Agency
Jan Hutterer
Telephone: +49 172 346 2831
jan.hutterer@kirchhoff.de
Company
Marcus Dickopf
Mobile: +49 69 99 888 12
Mr. dickopf@777capital.com
About 777 Capital Partners SA
777 Capital Partners AG (777 Capital Partners) is a Baar-based investment manager and co-investor founded by Ralph Winter, Thomas Landschreiber and Micha Blattmann. As a boutique value-added investment specialist and co-investor for real estate in the DACH region, 777 Capital Partners offers its investors solid expertise in investment services and asset management through a team of specialists with many years of experience. The company has an additional office in Frankfurt/Main. 777 Capital Partners is registered in the commercial register of the canton of Zug.
For more information, visit our website www.777capital.com or our LinkedIn.
About NUMA Group
Berlin-based NUMA is one of Europe’s leading operators of serviced apartments for modern travellers. As a trusted partner for investors, owners and developers in the real estate industry, NUMA uses proprietary technology-based operating solutions that largely automate operational processes and increase profitability and revenue. NUMA successfully operates over 3,000 units in European A cities including Berlin, Frankfurt, Munich, Rome, Milan, Madrid, Barcelona and Vienna.
https://partner.numastays.com
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