Hürth: Pantera builds hotel with serviced apartments
The Cologne project developer Pantera intends to build a hotel with serviced apartments and an office building on a 4,050 sqm site on Immendorfer Straße in nearby Hürth. The hotel will have up to five stories, the office building three. The latter may include a childcare center. The complex will have underground parking. Investment volume for the project comes to around €30mn. The properties are to be sold as part of a share deal to institutional investors. The serviced apartments are expected to generate a return of around 4%.
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