SERVICED APARTMENT BRAND STAYERY SECURES ITS LARGEST LOCATION IN BERLIN TO DATE
Press Release, 20.12.2024
With the signing of the lease agreement at re:o-Berlin, STAYERY achieves a new milestone: the new location at Ostkreuz will become the brand’s largest serviced apartment site to date. A total of 255 units will be developed across 10,600 sqm, expanding STAYERY's nationwide portfolio to over 1,500 apartments. Renovation work is set to begin in spring 2025, with the opening scheduled for the first half of 2027.
CBRE GI and CR Investment partner to develop German apartments
IPE Real Assets, 10.2019
A value-add fund managed by CBRE Global Investors has joined forces with CR Investment Management to develop apartment assets in Germany. CBRE Europe Value Partners 2 (EVP2) has partnered with CR, which has an established partnership with apartments firm Stayery, to pursue a serviced apartment development strategy. The joint venture will progress the planned growth of Stayery. CBRE said the project developments will be concentrated on cities with major employer clusters, or underdeveloped hotel markets, adding that there will be a focus on university cities.