- 777 Capital Partners signs contract for asset management of a modern serviced apartment property in Rosenheimer Strasse
- Apartment complex includes 55 rooms with a gross lettable area of about 1,500 square meters
- NUMA Group signs long-term lease for 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 property with 55 rooms and a rental area of approximately 1,500 square meters in a central location in Munich. The property is owned by Swiss family office W5 Group. As for the property in Frankfurt, 777 Capital Partners was able to secure the internationally active NUMA Group (NUMA) as long-term tenant. NUMA took over the operation of the serviced apartment in Rosenheimer Strasse from the previous 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. In addition, I am pleased about the conclusion of the long-term lease agreement with NUMA, as we are extending our proven cooperation to Munich.”
The 55 apartments let to NUMA are functional yet furnished to a very high standard. All units feature a seating area with flat-screen TV and a private bathroom with shower. Selected apartments also offer a kitchenette with dishwasher and cooking plates. The building is located on the intersection of Rosenheimer Strasse and Anzinger Strasse, directly adjacent to the up-and-coming Berg am Laim district. In the direct vicinity of the property, there are currently numerous new neighborhood developments – including the Macherei and the Werksviertel – with modern workplaces and a broad range of restaurants. Furthermore, the property is well-connected to public transportation including the nearby Ostbahnhof station with direct connections to Munich 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 an additional office in Frankfurt/Main. 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 3,000 units in European A-cities, including Berlin, Frankfurt, Munich, Rome, Milan, Madrid, Barcelona, and Vienna.
Press inquiries
Agency
Kirchhoff Consult AG
Jan Hutterer
Phone: +49 172 346 2831
e-Mail: jan.hutterer@kirchhoff.de
Company
777 Capital Partners AG
Markus Dickopf
Phone: +49 69 99 888 12
e-Mail: m.dickopf@777capital.com