- Acquisition of the newly built serviced apartment property in Eschersheimer Landstraße by Ralph Winter’s W5 Group
- 777 Capital Partners to take over the asset management of the project
- Operator NUMA plans to start operation of the apartment complex with 100 rooms in the first quarter of 2022
Baar-Zug (Switzerland), 13. January, 2022. 777 Capital Partners AG (777 Capital Partners) is taking over the asset management of a newly built serviced apartment property with 100 rooms and a gross lettable area of almost 6,000 square metres in a central location of Frankfurt. 777 Capital Partners was able to gain the internationally active NUMA Group (NUMA) as operator, which has signed a long-term lease agreement.
The operation of the serviced apartments is expected to start shortly. The property was acquired from a seller consortium by family office W5 Group. The parties have agreed not to disclose the purchase price.
Thomas Landschreiber, partner and co-founder of 777 Capital Partners: “With this project, we are expanding our portfolio with a promising apartment complex in an absolute prime location. The great accessibility, modern facilities and high density of businesses in the immediate vicinity make the project an attractive accommodation – both for business trips and for leisure travellers.”
The 100 apartments operated by NUMA have an average area of around 30 square metres. The building also contains a café with an adjoining Pilates studio. The location, not far from the Eschenheimer Tor, is only a few steps away from the city centre and the banking district. The prime shopping streets and the historic old town are also within walking distance. The building is very well connected to public transport, including the nearby main railway station, with direct connections to Frankfurt Airport.
About 777 Capital Partners AG
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 specialized value-added investment boutique and co-investor for real estate in the DACH-region, 777 Capital Partners offers its investors solid expertise in investment and asset management services through a team of specialists with many years of experience. The company has additional offices in Frankfurt am Main and Zurich. 777 Capital Partners is registered in the commercial register of the canton of Zug.
About NUMA Group
Berlin-based NUMA is a leading European operator of serviced apartments for modern travelers. 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 cost efficiencies and revenues. NUMA successfully operates over 2,300 units in European A-cities, including Berlin, Frankfurt, Munich, Rome, Milan, Madrid, Barcelona, and Vienna.
About W5 Group LLC
Established in 2009, W5 Group is the single-family office of prominent European real estate investor and entrepreneur Ralph Winter. W5 Group has investment teams in the United States and Europe, spanning offices in New York, Washington DC, Miami, and Switzerland. The firm seeks long-term value creation and invests across asset classes and capital structures, with a primary focus on innovative residential investments in multifamily, student housing, co-living, differentiated hospitality and single-family rentals. W5 Group has permanent capital and seeks to create enduring value and long-term partnerships with high-quality operating partners.