Project Presentation

The project "Offendorfer Straße 12" comprises the refurbishment of an apartment building in the municipality of Ratekau. The municipality of Ratekau is located approximately 10 kilometers from the port city of Lübeck. The issuer, Deutsche Grundbesitz GmbH, already owns the property. The rental units will be extensively renovated and re-rented, bringing the rental income in line with the current market value. The issuer plans to maintain the residential units on a regular basis to keep them in good condition for the long term. This will allow annual rental income of around 85,000 € to be generated.

The property has a total of 12 residential units with an inventory area of 670m² (total usable area) and the property with a total area of 1,322m². The property is currently 100% leased.

Ratekau is a municipal area north of Lübeck, which includes a total of 13 villages. The property is located in an ideal quiet location in the immediate vicinity of the Hemmelsdorfer Lake. In about 30 minutes by car you can reach the Lübeck Old Town, most of which is a UNESCO World Heritage Site.

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 85.000€ per year

By re-renting and refurbishing the units, a net annual rent of 85,000€ can be generated.

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 - 5.00% p.a. Distribution quarterly

Investors receive quarterly distributions of 5.00% p.a. on their invested capital during the term. The capital invested is repaid to the investors at the end of the term.

Ratekau - ideal quiet location near the Baltic Sea

The property is located in ideal quiet location in the rural area around Lübeck. The Lübeck Bay and thus the Baltic Sea can be reached in a very short time. The forests in the municipality of Ratekau have been under nature protection since 2015.

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Investment Case

The borrower is the registered owner of the property with the address Offendorfer Straße 12, 23626 Ratekau (Germany). The apartment building comprises a usable living space of 670 m². and a total size of 1,322 m². In total, annual net rental income of approximately 85,000€ is currently achieved. The property owner plans to refinance the property, as well as 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 objective of the issue is to partially redeem the own funds used, as well as to finance the refurbishment costs incurred in the course of this optimization due to a change of tenants.

Distribution every 3 months:

During the term, the lender receives an annual distribution of 5.00%.

Interest Depot:

The Rendity interest deposit serves as a security for the investors. Prior to the start of each project, the respective borrower is required 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
910.000 €
Refurbishment costs due to change of tenant
50.000 €
Refurbishment costs (already done)
500.000 €
Reserve
100.000 €
Financing costs
240.000 €
Total investment costs
1.800.000 €

Finance Structure

Location

Welcome to Ratekau

The municipality of Ratekau, which has a population of around 15,400, is one of the large municipalities in the Ostholstein district (Germany) and is located in northern Germany. The large municipality of Ratekau covers an area of 60 km², as well as a total of 13 village communities. Due to its comprehensively good infrastructure in all areas of life, the municipality is a popular place to stay. A characteristic feature of the municipality is its special commitment to environmental protection at both federal and state level.

Microlocation Ratekau

The property "Offendorfer Straße 12" is characterized by its ideal quiet location away from Lübeck near the Baltic Sea. The small village of "Offendorf" in the municipal area where the property is located lies northeast of Lübeck and is a beautiful retreat near Lake Hemmelsdorf. Lübeck's city center is less than 30 minutes away by car, and the expansive Hemmelsdorfer See lake can be reached in a few minutes on foot. Karls-Erlebnis-Dorf-Warnsdorf is a rustic and family-friendly amusement park that can be reached in just under 5 minutes by car.

Discover the surroundings

The Hanseatic city of Lübeck can be reached in under 30 minutes from the property. Thus, the location of the property offers an ideal starting point for pleasure and also for rest - at the Hemmelsdorfer See, which is within walking distance, wonderful sunsets can be marveled at. The adventure park "Karls Erlebnis-Dorf Warnsdorf" can be reached in only 5 minutes by car. In only 20 minutes the Lübeck Bay with the most beautiful Baltic Sea bathing spots can be reached.

Hemmelsdorf Lake

Lake Hemmelsdorf was formed after the last ice age. The large-scale lake is surrounded by agricultural land. From beautiful flora and fauna to great sunsets, you can admire everything here. In Offendorf there is a direct bathing access, which can be used in the summer months to enjoy bathing days.

Karls Adventure Village Warnsdorf

Karls Erlebnisdorf in Warnsdorf can be explored in all weathers, 365 days a year. A trip to the adventure park is always worthwhile. Not only the younger ones get their money's worth here, but also adults can spend romantic and fun hours at the farmers' market and in the barns. In the park you can experience a colorful mixture of leisure fun, shopping pleasure and delicious culinary delights. Here, hearty classics and tempting baked goods are prepared in the park's own wood-fired oven. The lovingly designed farmers' market invites you to browse and discover traditional delicacies.

Lübeck Bay

Like a string of pearls, the Baltic Sea resorts line up along the Bay of Lübeck. Lübeck Bays are among the most beautiful bays on the Baltic Sea and are located only 20 minutes from the property. Each beach section of the Lübeck Bay makes other lovers happy. In Pelzerhaken, the Hawaii of the Baltic Sea, water sports enthusiasts can really let off steam. The so-called St. Tropez of the Baltic Sea is known by the place name Scharbeutz. The modern Baltic Sea flair in Scharbeutz is underlined by boutiques and chic restaurants. In Haffkrug, the oldest seaside resort in Ostholstein, you can enjoy a charming flair. Here, tradition and modernity are combined. There are many more places to discover on the Bay of Lübeck, and here everyone will find fun, relaxation and enjoyment to their taste.

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 the city of marzipan and goes back to the marzipan tradition founded in 1800.

Lübeck City Hall

In 1230, the Lübeck City Hall was built, which was altered and expanded shortly after the granting of imperial freedom and over the years. The changes made over the years are the reason for the different architectural styles and parts of the town hall visible today. The building was completed in 1308, and still today it serves as the seat of the administration, the citizenship and its committees, and the Senate.

St. Mary's Church in Lübeck

St. Mary's Church in Lübeck was built between the years 1265 and 1351. The market and main parish church is located on the highest point of Lübeck's Old Town Island and is part of the UNESCO World Heritage Site of Lübeck's Old Town. St. Mary's Church is one of the largest brick churches in the world. It is also fondly referred to as the "Mother Church of Brick Gothic" and is considered the main work of church building in the Baltic region. About 70 other churches in the Baltic region were built in the style of St. Mary's Church.

Rating

A
CategoryRatingPoints
LocationPrimary
1
VacancyOccupied
1
Development StageManagement
1
Track RecordMore than € 250 million developed
1
Asset TypeResidential
Duration36 months or more
3
Existing Bank FinancingYes
Pre Sales>20%
1
Total
8
A
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