NPL singleassets „Offenbach-Mühlheim“
Situation
- 22 apartments haven‘tbeenfinished
- Builder didn`t finish building – techical and legal problems for building permission
Turnaround
- Development & Sales for the unfinished appartements
- Improvement of the existing structure, legalizing and Selling the remaining to a new builder
Capital & Returns
purchase price: €1.6 m
Capex: €0.32m
Turnover: €3.2 m
Return (cash multiple): 1.7x
