Tattersall Lorenz receives instruction from Union Investment for the “Stayery” in Bremen

Tattersall Lorenz and Union Investment are widening their cooperation. In addition to its existing instructions, with immediate effect Tattersall Lorenz is taking over the commercial and technical property management of the "Stayery" in Bremen. The property is part of the portfolio of Union Investment's “Urban Living No. 1” fund.

The property, at Am Wall 93-95, Bremen, is a recently completed building providing 86 serviced apartments. It has with a total lettable residential area of around 2,200 square metres, with the floor area of the individual units ranging from 22 to 39 square metres. Geared for stays of up to six months, they are primarily aimed at young professionals, so-called ‘digital nomads’, and people seeking an alternative to traditional hotels. The building also includes 17 car parking spaces and around 250 square metres of common areas for occupiers.

The “Stayery” is the Berlin-based operator’s fifth location, after Berlin, Bielefeld, Frankfurt and Cologne. The lease on the Bremen property runs for a 20-year term.

Christian Stoppenbrink, Property Manager for hotel clients at Tattersall Lorenz, comments: "Occupiers of serviced apartments expect a high standard and a comprehensive service package. As we already manage a large number of hotel instructions, we have the necessary in-house expertise to satisfy the correspondingly high demands from this clientele, while ensuring commensurate property management for the owner."

Tattersall Lorenz has been acting as property manager of Union Investment properties since 2019. It currently manages 37 properties, with a combined lettable area of around 450,000 square metres, including ten hotels. The other assets are in the office, retail, and logistics sectors.