Press release
Purchase of residential portfolio Rader Group in Leipzig
Wilhelminian style house in Leipzig (© Kevin Rader)
The apartments are located in the Leipzig districts of Lindenau, Südvorstadt, Gohlis and Anger-Crottendorf. The portfolio currently has a vacancy rate of around 80 percent. Extensive refurbishment measures are planned to make the living space modern and attractive. Two of the apartments are also located in an area that is subject to social conservation statutes. Coordination is taking place closely with the City of Leipzig's Office for Housing Construction and Urban Renewal.
The acquisition was financed by a local bank. The Rader Group will include the apartments in its own portfolio and manage them on a long-term basis. The company attaches particular importance to efficient, internal management. The proximity to the property means that concerns and challenges can be dealt with quickly and directly - a clear advantage over external management.
"We are very pleased to be able to create modern living space for Leipzig's growing population with this step. We would like to thank our business partners for the trust they have placed in us," explains Managing Director Kevin Rader.
With this acquisition, Rader GmbH is continuing its growth strategy and strengthening its presence on the Leipzig real estate market. The annual target of a purchase volume of 9 million euros remains in place and the company is confident of achieving this.
Rader GmbH
Am Alten Bahnhof 2
06686 Lützen
Germany
https://rader-gruppe.de
As a regional partner for real estate, the Rader Group is deeply rooted in the real estate sector. Led by Managing Director Kevin Rader from Leipzig, the company is committed to the development of needs-based, modern living space in Leipzig and the surrounding area. The long-term, sustainable portfolio of properties is at the heart of the strategic focus. With a view to the future and growth, the company strives to constantly acquire and develop new properties for its long-term portfolio.
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