Trei Real Estate GmbH (Trei) completed its Lotsenhof residential project at the Zollhafen locality in Mainz and handed it over to Competo, the incoming owner. The property, which provides 95 apartments on a combined floor area of about 6,700m2 of residential area, has been under construction since October 2021.
In 2022, the project was sold in a forward deal to Competo Capital Partners GmbH. In addition, Trei recently started construction of the student housing project on Dotzheimer Strasse in Wiesbaden. This development will deliver 182 modern single-occupancy apartments for students on a combined floor area of about 3,900m22 that will be operated under the Quartillion brand. Its completion is scheduled for Q4 2025.
Pepijn Morshuis, CEO of Trei, commented: “Lotsenhof is the first project in Germany that Trei has handled in an exit developer role. Given the scope of our German development pipeline, we could well imagine selling some developments in the future, as well developing some projects in joint ventures with external capital partners in order to accelerate implementation of the pipeline.”
Image provided by RUECKERCONSULT. PC: Trei Real Estate GmbH
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