February 7th, 2022: talyo Property Services has been appointed by Union Investment to carry out the property management of its “Urban Base” portfolio.
talyo is taking over both commercial and technical property management of the five micro-apartment properties, in Berlin, Dresden, Düsseldorf, Hamburg and Wiesbaden. Overall, they provide 698 residential and three commercial units. Talyo is also in charge of letting the Dresden and Hamburg properties.
The “Urban Base” properties are part of the portfolio of Union Investment’s ‘Urban Living No. 1’ real estate special fund. The accommodation consists of shared apartments and ’micro living’ units, of between 10 and 103 sq m of residential accommodation, and is aimed at students and people on internships, professionals and commuters, as well as at retirees. Occupiers can switch between the individual ‘Urban Base’ locations with no formalities. The properties feature broadband Internet, individual washing machines or separate launderettes, and parcel stations. Parking spaces for cars and lockable bicycle storage are available.
Martin Henke, managing director of talyo, comments: “We are delighted that Union Investment place such confidence in us, demonstrated by their instruction for the property management of these demanding properties. The flexibility demanded by the occupiers of the micro-living properties, with their wide variety of domestic situations and very individual demands, is precisely what poses a challenge. With our experienced team, we are happy to take on these challenges and we will implement the concept of the properties purposefully and effectively. Our experience in the management of similar properties gives us a reliable basis for this.
“In mid-2021, Union Investment launched a digital marketing concept for the assets and developments in the micro living segment it had acquired since 2019. Via the new website, all apartments in the ‘Urban Base’ brand in Berlin, Wiesbaden, and Dresden, soon to be joined by those in our portfolio in Düsseldorf and Hamburg, can be rented and viewed in 3D format. Communication with our property managers is also digital,” says Sven Lintl, Head of Asset Management Germany at Union Investment.
Copyright photo: Union Investment