Heuking Kühn Lüer Wojtek advised i Live Group on the sale of “Campus Village II” serviced apartment project to HanseMerkur Grundvermögen AG.
i Live Group, in a project partnership with property developer and real estate investor nowinta Bau GmbH, used crowdfunding on the Zinsland platform to finance the transaction.
On the Neu-Ulm property of about 2,307 square meters, 140 serviced apartments ranging in size from 21 square meters to 40 square meters are being built, which are to be ready for occupancy by spring 2022. The serviced apartments are aimed at working people planning to stay in the city anywhere from three days to two months.
i Live Group is one of Germany’s leading providers of micro-living concepts with the goal of offering people contemporary living quarters in optimal locations with a good price-performance ratio. The company sells its apartments as an overall project to investors or at apartment level to individual investors.
The Heuking Kühn Lüer Wojtek team was led by Dr. Frank Baßler (Picture), supported by Andreas Lutz (Real Estate), both Stuttgart, and Fabian G. Gaffron (Tax), Hamburg.
Law Firms: Heuking Kühn Lüer Wojtek;
Clients: i Live ;