The German hospitality start-up has secured an additional three locations in Halle, Kassel and Duisburg. The PropTech’s offering will be swollen by 112 city centre flats.
The deals constitute the first management contracts signed by limehouse. The start-up will bring its operational savoir-faire to the service of the signed properties’ owners.
In Halle’s former railway bureau, 53 units will be constructed following major renovation works. Once rejuvenated and brought back to life, the building will also feature a ground floor restaurant.
The flats signed in Duisburg are in a project known as “KUBIKK”, which will be the PropTech’s 7th location in the Rhine-Ruhr area. The mixed-use property will house limehome’s 32 apartments as well as a fitness studio, a day spa and eateries.
The Kassel units will be created as part of the conversion of old office spaces. The 27 flats managed by the start-up will be available for short- and long-term stays.
We are proud to accelerate the developments in Duisburg's old town with KUBIKK and are very pleased to have signed the contract with limehome.
Bernd-Claas Gesterkamp, architect and marketing manager at KUBIKK
Management contracts are definitely strategically relevant for us and will continue to play a role in the future. The German market in particular has preferred lease agreements so far. However, we see a steadily growing interest in management contracts. […] We continue to see great potential in German B to D cities. That's why limehome is also focusing on growth here with the new signings. In addition, conversions remain exciting for us thanks to our flexible expansion profile, so that even former department stores fit into our spectrum.
Ricky Bichel, Team Lead Business Development - Strategy & Portfolio at limehome
