Corestate acquired the micro-living student residence “WOODIE” in Hamburg. The property was purchased for the real estate umbrella fund, which was launched on the Luxembourg AIF-Platform of Universal-Investment on behalf of Bayerische Versorgungskammer. The purchase price was not disclosed. The seven-story building, located in Hamburg’s Wilhelmsburg neighborhood, comprises a total rental area of 7,700 sqm. The student residence features 371 apartments and was completed last fall. The 20 sqm apartments are completely made of wood. UPARTMENTS Real Estate will be responsible for the property management.
