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Office buildings I Neubrandenburg, Germany (Mecklenburg-Vorpommern)

Neubrandenburg is the 3rd largest city in Mecklenburg-Vorpommern with about 65.000 inhabitants and a catchment area of about 420.000 inhabitants.

The office buildings are directly at the junction of the city highway and the eastern residential area. They are located in an area with a high density of offices, shops and residential buildings. The buildings are located on a major highway and opposite the large shopping center Lindeal Center in Brandenburg. The regional government occupies a large part of the buildings.

The average rental income of between €4 and €5 per sqm is undervalued compared to the market (between €7 and €8/sqm), which leaves potential for revaluation. A building permit for a medical residence has been filed on part of the land, the municipality is very favorable to this project. The resale of the land + project will be arbitrated to recover a capital gain without affecting the value of the property and the two buildings.

Key figures

  • 11/2018
    Acquisition
  • 6.480 sqm
    Usable area
  • 3.9 M€
    Investment
Luxembourg
MIMCO Capital S.à r.l. headquarters
Address: 25C Boulevard Royal
L-2449 Luxembourg
Tel: +352 661 988 977
Email: office@mimcocapital.com
Germany
MIMCO Asset Management GmbH subsidiary
Address: Grolmanstrasse 36,
10623 Berlin
Tel: +49 30 810 5661-0
Email: office@mimcocapital.com
France
MIMCO Asset Management S.A.S. subsidiary
Address: 87 Boulevard Haussmann
75008 Paris
Tel: +33 1 44 70 04 36
Email: office@mimco-am.com
Access to MIMCO Asset Management website