Three residential and commercial buildings are changing hands on Gera’s main shopping street. The properties on Sorge Street were all built around the turn of the century and, together with the street, form the historic monument ensemble Altstadt. The total floor space can be estimated at 1,245 sqm. The buyer, a Berlin-based investment company, intends to resolutely deal with the properties’ renovation backlog and integrate them into its own portfolio in the long term through sustainable restructuring and new leasing. From an investment point of view, the university city of Gera is an interesting alternative to the top cities in the new federal states. With a qualified micro-location assessment and a future-oriented approach to real estate investments, top returns in the high single digits can also be realized here.
