In Kröpelinerstraße 60, Rostock, we have just briefed the architects to draw up detailed plans for our renovation strategy. Having analysed the local demand for all usage types, the optimal use for the upper floors is residential apartments. The property is a very attractive period building, with many original fittings. It should make for an excellent starting point for the development of quality apartments.

In Kr. 10, we are fully renovating the underground floor area, in preparation for re-letting. Our current tenant, Schuh Bode, is not delivering the rental return we would expect of the unit and so we intend to upgrade the lease with a new retail tenant.