Summary:
- Prop.com acquired a 315-unit former student dormitory in Trier for €12.75 million, marking its first investment in Germany and signaling a strategic focus on undervalued assets in key European university towns, with further acquisitions planned in Cologne and Munich.
- The vacant complex, previously housing up to 318 students, is set for a comprehensive refurbishment including energy-efficient upgrades, expanded residential capacity to around 350 units, and new communal and outdoor amenities, targeting a reopening in Spring 2026.
- Positioned between university campuses within the University of the Greater Region network, the property leverages proximity to over 140,000 students, with Prop.com valuing the upgraded asset at approximately €14 million based on an estimated €40,000 per residential unit.
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