Project Presentation

The "Königsberger Straße 1-9" project involves the maintainance of nine apartment buildings in the small town of Kellinghusen in northern Germany. The issuer, Deutsche Grundbesitz GmbH, already owns the property and plans to extensively refurbish the rental units as part of the project, thereby adjusting the rent to the current market value. In addition, the issuer plans to maintain the residential units on a regular basis in order to keep them in good condition on a sustainable basis. Currently, around 195,000 € in rental income can be generated annually. After completion of the refurbishment, it is estimated that around 358,000 € of rental income can be generated. The ongoing rental income guarantees financial security.

The property has a total of 96 residential units with an inventory area of 3,930 m² (total usable area) and the property with a total area of 8,736 m². The property is currently 98 % rented. The last partial renovation took place in 2020.

Kellinghusen is a small town south of the nature park Aukrug. The major cities of Hamburg, Kiel and Lübeck can be reached in just one hour from the property. The town is ideal for enjoying nature, but also for quickly reaching the surrounding major cities. Local amenities of all kinds are located in Kellinghusen and in the immediate vicinity of the property.

Deal Highlights

Deutsche Grundbesitz GmbH – Käselow Group

The Käselow Group is an operating group of companies founded in Germany in 2008 that specializes in building a sustainable real estate portfolio. The company focuses on sustainable success and therefore exclusively on Germany as a real estate location.

Rental income of about 195.000 € per year

The project currently generates a net annual rent of 195,000 €. After the refurbishment of all rental units, annual rental income of 358,000 € is expected.

Security through the Rendity interest deposit

The Rendity Zinsdepot serves as a hedge for our investors. The interest deposit account is subject to fiduciary safekeeping and is used exclusively to offset interest payments that have not been made or missing capital repayments to investors.

Regular additional income - 5% p.a. Distribution quarterly

Investors receive quarterly distributions of 5% p.a. on their invested capital during the term. The capital invested is repaid to the investors at the end of the term.

Kellinghusen - ideal quiet location outside the hustle and bustle of the surrounding cities

The extensive valleys and rolling hills of Kellinghusen are reminiscent of the Ice Age and give the location of the property a unique characteristic. The major cities of Hamburg, Kiel and Lübeck can be reached within 1 hr.

Project portfolio consisting of nine apartment buildings

This project consists of nine apartment buildings, which will be rented out according to plan after refurbishment at higher rents in line with the market. The current rental income amounts to 195,000 € and guarantees financial security.

Kellinghusen Türkis.PNG

Investment Case

The borrower is the registered owner of the property with the address Königsberger Straße 1-9, 25548 Kellinghusen (Germany). The apartment building comprises a usable living space of 3,930 m², as well as a total size of 8,736 m². In total, annual net rental income of approximately 195,000 € is currently achieved. The owner plans to refinance the property and to optimize and renovate it.

The purchase of the property has already been completed and the issuer is already the owner of the property. The aim of the issue is to partially redeem the own funds used, as well as to finance the refurbishment costs of approximately 200,000 € incurred in the course of this optimization due to a change of tenants. After completion, annual rental income of 358,000 € is planned to be generated.

Distribution every 3 months:

During the term, the lender will receive an annual distribution of 5 %.

Interest Depot:

The Rendity interest deposit serves as a security for the investors. Before the start of each project, the respective borrower has to deposit an interest deposit in the amount of half a year's interest into a separate escrow account. The interest deposit deposited by the borrower is subject to fiduciary safekeeping and may only be used to compensate for interest payments not made or missing capital repayments to the investors.

Financials

Purchase costs
1.850.000 €
Renovation costs due to change of tenant
200.000 €
Renovation costs (already completed)
3.000.000 €
Reserve
100.000 €
Financing costs
500.000 €
Total investment costs
5.650.000 €

Finance Structure

Location

Welcome to Kellinghusen

Kellinghusen is located in northern Germany and is characterized by its idyllic location along the Stör River. The small town lies northwest of Hamburg and is the gateway to the Aukrug Nature Park. The rolling hills and expansive valleys bring back memories of the Ice Age. The town lies between "Geest" and "Marsch", with Geest being considered a barren landscape and Marsch a fertile one. Today, the steeply rising "Geestrand", the Stör, as well as the Marsch characterize the townscape of Kellinghusen. The unique landscape forms give Kellinghusen an unmistakable charm.

Microlocation Kellinghusen

The "Königsberger Strasse 1-9" project is located in the small town of Kellinghusen, south of the Aukrug Nature Park. The rather undiscovered but worth seeing town is also known as the ceramic town and the stork town due to its long-standing traditions. The approximately 7,800 inhabitants enjoy the peace and quiet as well as the retreat from the large cities of Kiel, Hamburg and Lübeck. Kellinghusen is not lacking in local supply facilities of all kinds (doctors' offices, schools, kindergartens and supermarkets).

Discover the surroundings

Kellinghusen is the ideal place for nature lovers, as the 380km² Aukrug Nature Park is located in the immediate vicinity to the north of the charming small town. The town is known not only for its unique architecture, but also for its old traditions, such as the old faience factories where stylish ceramic pieces were produced. Kellinghusen is surrounded by rolling hills and impressive landscapes reminiscent of the Ice Age. The surrounding cities of Kiel, Hamburg and Lübeck can be reached within an hour via the nearby train station "Wrist".

Aukrug Nature Park - "Discover pure nature".

The Aukrug Nature Park is located in the middle of Schleswig-Holstein. A total of 40 communities and 2 towns with almost 38,400ha belong to the nature park area. The park was declared a nature park in 1998 by the Ministry of Environment, Nature and Forests of Schleswig-Holstein. The 380 km² park leads to the wild beauty of renaturalized areas, small rivers, lakes and to unknown sights. Here you can marvel at untouched nature, explore the natural forest landscape and experience exciting botany. The Aukrug Park inspires with its impressive nature, from varied and glacial hilly landscapes, wide valley areas and near-natural forests to flowing waters. The park, which is a protected area, strives for sustainable tourism. The national park strives for environmentally compatible land use that serves to preserve or restore the diversity of species and biotopes.

Kelllinghusen faiences

Kellinghusen is known as a ceramics town because of its faience factories. The Kellinghusen faience factories from the 18th and 19th centuries are easily recognized by their particularly colorful paintings. Kellinghusen was characteristic and formative for the ceramic history of Schleswig-Holstein because of its dazzling, very sweeping paintings.

Kiel Old Town

Kiel is an important port city in northern Germany with a population of around 250,000 and is considered the state capital of Schleswig-Holstein. The old town charm of the city was decisively influenced by the Second World War. In some places, the former charm of the city can still be seen. Dänische Straße, where many traditional companies have settled, is an ideal place to discover Kiel's old town charm.

The city also impresses with its beautiful location on the Baltic Sea and can be reached from Kellinghusen in about 50 minutes. On hot summer days, the port city offers an escape to the Kiel Fjord. The beaches and bathing spots are freely accessible to visitors. Especially the beach "Hasselfelde" attracts attention, here you can admire unique sunsets.

Lübeck Old Town

With just over 200,000 inhabitants and 214 km², the Hanseatic city of Lübeck is considered the second largest city in Schleswig-Holstein. Lübeck is also one of the state's four regional centers. More than 7,000 students are attracted to the charming city every year, with the number of students increasing annually. It is thus one of the most important centers for teaching and research in the state. Around 7000 ships call at the port city every year. Lübeck's old town is famous for its cobblestone streets and romantic arcades. The world-famous landmark, the Holsten Gate, is a popular destination. The city gate delimits the old town of the Hanseatic city of Lübeck to the west. The Holsentor is not only the city's landmark, but also the city history museum of Lübeck since 1950. In addition, the city is also known as Marzipan City and traces its roots back to the marzipan tradition founded in 1800.

Hamburg city center

The Hanseatic city of Hamburg, with a population of over 1.9 million, is the second smallest of the 16 German states with an area of only 755 km². It is also the most populous city in Germany after Berlin and has one of the largest and busiest ports in Europe. Hamburg and Bremen are the only German city-states that still retain some of their medieval independence. Hamburg's characteristic individuality has been proudly cultivated by its citizens, so that the city's culture has retained its uniqueness in many areas of public and private life and has not succumbed to the general trend toward standardization.

Rating

B
CategoryRatingPoints
LocationPrimary
1
VacancyOccupied
1
Development StageRehab
2
Track RecordMore than € 250 million developed
1
Asset TypeResidential
Duration36 months or more
3
Existing Bank FinancingYes
Pre Sales>20%
1
Total
9
B
Rendity Rating are for informational purposes only. Real estate projects may fail. In the worst case, even the total loss of the invested capital can occur. You should therefore only invest funds you can afford to lose. Moreover, funds should be spread across various projects (diversification). Please note the respective documents for each project as well as the Risk Notice.

Team

"Competence meets sustainability - Secure growth is our top priority."

The Käselow Group is a group of companies operating in Germany that specializes in building a sustainable real estate portfolio. Fixed key indicators help the successful real estate company to achieve long-term success and steady potential. The sustainable strategy and the long-term-oriented investment approach enable the investment risk to be minimized in the long term.

"A good relationship with our tenants is important to us." - The Käselow Group is keen to take things into their own hands, which is why they have been managing their properties since 2008 with the help of a real estate brokerage and in-house property management - the individual should be well looked after and is a priority in all respects at the Käselow Group.

In order to remain sustainable and true to its principles in the long term, the Käselow Group has built up a network of specialists who can offer advice and support based on many years of experience.

Käselow Gruppe