25.04.2024 07:50:22 - dpa-AFX: EQS-News: GBI Group starts building construction work for new SMARTments connect in Bielefeld - Innovative accommodation offer with 223 units in a prime location directly at the central railway station (english)

GBI Group starts building construction work for new SMARTments connect in
Bielefeld - Innovative accommodation offer with 223 units in a prime location
directly at the central railway station

Issuer: GBI Group / Key word(s): Real Estate/Expansion
GBI Group starts building construction work for new SMARTments connect in
Bielefeld - Innovative accommodation offer with 223 units in a prime
location directly at the central railway station

25.04.2024 / 07:50 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Bielefeld/Berlin, 25.04.2024.With the laying of the foundation stone,
project developer GBI Group is officially starting in Bielefeld the building
construction work for its new serviced apartment project directly at the
central railway station. By the end of next year, 223 units of the
SMARTments connect brand will be built there. Both travellers who are in the
city for several weeks and guests with short stays will find the right offer
here - especially young professionals and city explorers.

The new property will include a large community kitchen on the top floor,
which will be available to all guests around the clock and free of charge,
with a south-facing balcony offering a fantastic view of the city. Each
apartment in the new SMARTments connect offers a comfortable living and
sleeping area as well as a modern bathroom. A central component of the
SMARTments connect philosophy is the promotion of a lively community. This
is actively supported by public communal spaces, for example for co-working,
socialising and a variety of events.

Bielefeld's Lord Mayor Pit Clausen expressed his delight at the start of
building construction during the foundation stone ceremony: "The serviced
apartments are an enrichment for the entire area around the main railway
station. The gap between the buildings on Bahnhofstrasse is now being closed
with an interesting and innovative property concept. A restaurant on the
ground floor for everyone, with the serviced apartments above: that sounds
exciting." There has been close collaboration on the project in recent
years, particularly between GBI and the City of Bielefeld's design advisory
board. "Façade designs, good proportions and a scale appropriate to the
surroundings are the decisive factor, especially in prestigious urban
locations," emphasises the chairman of the advisory board, architect and
urban planner Prof. Rolf Westerheide: "Cooperating effectively and in a
spirit of trust and achieving good urban integration has a positive effect
far beyond the one building. The attractiveness of the entire city centre
depends on this, especially at urban arrival points such as the main railway
station."

As with all GBI developments currently being planned and realised, the focus
of the new SMARTments connect in Bielefeld is on sustainability. The high
energy efficiency standard 40 is a special feature for a serviced apartment
project in Germany. It also has DGNB Gold pre-certification. The
energy-efficient design is combined with a photovoltaic system to utilise
the building's own electricity. The curtain wall cladding consists of 40 per
cent recycled building material. Concrete is used in reduced quantities.
"The GBI Group has made a conscious decision in favour of sustainable
construction and is implementing projects like this one," explains Alexandra
Quint, Head of Sustainability & ESG at the GBI Group.

SMARTments connect Bielefeld is the second SMARTments connect in Germany.
The first building was opened a few weeks ago in Frankfurt's City East
neighbourhood. The SMARTments family has been pioneering microliving and
serviced apartments for over a decade. Now SMARTments connect is picking up
on the trend towards community building. The property in Bielefeld brings
the total portfolio to almost 2,400 units. "The high demand for our products
is a clear signal of the relevance of our offering, and we are consistently
focusing on growth," emphasises Daniel Zawe, Managing Director of
SMARTments. The aim is to more than double the number of units to around
5,000 apartments over the next few years in order to offer even more people
a home away from home.


About the GBI Group:
GBI is one of the leading German property developers that focuses on
subsidised and freely financed apartments, serviced apartments, hotels,
student accommodation, micro apartments and concepts for senior living.
Founded in 2001, GBI has realised real estate projects in Germany and
Austria with a total investment volume of 1.6 billion euros in the past five
years alone. Over 7,500 units have been handed over to investors. The
company has secured a further 1.3 billion in sales volume (GDV) for its
development pipeline. Future construction projects will be completed in
accordance with the DGNB Gold Standard or EH40/QNG requirements. GBI
Capital, which is part of the GBI Group, comprises the areas of investment
management, fund and asset management as well as funding consulting. GBI
Capital has over 450 million euros of assets under management in several
fund mandates. The shareholder of GBI is the private real estate fund
manager Henderson Park from Great Britain. http://www.gbi.ag

About SMARTments:
'SMARTments business' and 'SMARTments connect' are trademarks of the GBI
group and offer travellers fully furnished and fully equipped apartments,
'SMARTments business' includes its own kitchenette and 'SMARTments connect'
boasts integrated communal kitchens. Serviced apartments are mostly used by
business travellers or young professionals staying for longer periods of
time in a city, for example if they have project work or consultation
meetings. Private travellers also use serviced apartments - for example for
city breaks or for some privacy whilst property hunting in a foreign city. A
total of 1171 serviced apartments are currently in operation, including
eight "SMARTments business" branded properties in Munich, Hamburg, Berlin
(3), Mannheim and Vienna (2). 'SMARTments connect' opened its first property
in Frankfurt (128 apartments), with another property in Bielefeld under
construction with 223 units. There are also 302 SMARTments business units
under construction in Frankfurt am Main (142) and Hamburg (160). Combine
these with the SMARTments student units, SMARTments is the operator at 15
locations with 2,390 units (including those in construction). The number of
apartments is expected to grow to over 5,000 in the next few years. On top
of this, there are also the residential products of SMARTments living and
SMARTments senior living. The operation of the two serviced apartment brands
is also separate to the real estate developments of the GBI Group.
www.smartments-connect.de, www.smartments-business.de
www.smartments-student.de

Press contact:
GBI Group:
Wolfgang Ludwig, Ludwig Medien & Kommunikation,
Tel.: +49 221 - 29219282, Fax: +49 221 - 29219283, Mobil: +49 171 - 93 35
134,
Email: mail@ludwig-km.de


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