SUCCESSFUL TOGETHER – GROWING TOGETHER

Velero strives to create, maintain and rent out high-quality living spaces throughout Germany. Our vision is to optimize existing potential and not only to manage properties, but to enhance them sustainably. If you believe that your property fits our profile and could enrich our portfolio, we are eager to hear from you. Please make sure to review our purchase criteria to ensure that our objectives and your offers are a match. Offers that do not meet our criteria will not be processed.

We are looking for residential properties with development potential in German cities and municipalities with a growing or stable population. Charlottenburg, HafenCity or Isarvorstadt are not suitable for us. However, we would be happy to take a look at your property in the areas surrounding the top 7 locations of Berlin, Munich, Stuttgart, Cologne, Düsseldorf, Hamburg and Frankfurt / M. and in larger conurbations.

As we are a portfolio holder in the residential sector, we do not purchase project developments, properties under construction, undeveloped plots, predominantly commercially used properties or operator properties such as hotels, boarding houses or care facilities. Additionaly, pure renovation projects and properties with a significant maintenance backlog also do not fit our criteria.

We only acquire properties or portfolios starting from a minimum size of 500 residential units. We also see potential in buildings with homeowners’ associations, prefabricated buildings and subsidized housing estates. In any case, it is important to us that at least 75 percent of the units are let out. The commercial share should not exceed 20 percent, which we measure by the annual net rent. A positive cash flow is also a criterion for us in the selection process.

If your property is in good technical condition – naturally, according to the year of construction – we look forward to learning more about it.

We would like to maximize the potential of your property. Therefore, we carefully review in advance whether all the requirements are met. By providing us with all the relevant documents, you greatly assist us in this process.

Therefore, we look forward to receiving an exposé containing the following minimum information:

Any additional documents you provide beyond these will help us reach our common goal more quickly.

Here you can download an overview of our criteria and the required documents:

Acquisition Criteria