HIH Invest acquires residential property development in Rottweil

HIH Invest acquires residential property development in Rottweil

HIH Invest Real Estate has acquired a residential property development, on behalf of its Deutschland Wohnen Invest fund, centrally located in Rottweil, a city in Baden-Württemberg.

The property provides a gross lettable area of 2,030 sqm, divided into two 28 residential units and has 1,860 sqm of commercial floor space.

Residential units in the property include 2-bedroom apartments with an average foot print of 60 square metres, as well as 3- to 4-bedroom units with an average dwelling floor area of 72 to 100 square metres.

Nadine Robra, Team Leader Transaction Management Germany at HIH Invest, commented on the acquisition: “Both the city and the district of Rottweil currently show a short supply in as-new rental apartments, and pent-up demand has built up to a considerable volume as a result. In combination with the above-average purchasing power of the region, this implies great letting opportunities for Rottweil.

According to HIH Invest, the economic structure of Rottweil district is dominated by the manufacturing industry and by the services sector.

”The majority of employers in the region are small and medium-sized enterprises. Being the district capital, Rottweil has excellent access to the regional road network, including access to the A81 motorway (Stuttgart-Konstanz) and to a number of federal routes in the region. The nearest airport is the one in Stuttgart, a commute of 60 minutes away. In addition, the district capital is well integrated into the regional railway network,” the company said.

“In recent years, the district of Rottweil has registered a steady upward growth in population, and the trend is set to continue through 2030. One of the driving factors is the need for options to work from home in the wake of the COVID-19 pandemic, which has stimulated the demand for housing in rural areas close to the outdoors and with convenient transport links to nearby cities,” reported Tom Kircher, fund manager at HIH Invest.

Ansgar Pape, member of the Investment Committee Residential at Warburg-HIH Invest, added: “The family-friendly housing estate created in Rottweil lives up to the high sustainability standards we set: market-consistent, generously proportioned apartments with convenient transportation access. The incoming tenants will therefore benefit from short distances and — at least as important — from a socially responsible rent level.”