Centralis expands with new Hamburg development and Berlin handover to limehome

Centralis Immobilien GmbH (Centralis), a developer and investor specializing in serviced apartment and hotel properties, has marked a significant milestone with the acquisition of a prime site in Hamburg for a new serviced apartment project. The company has also announced the handover of a Berlin property converted into serviced apartments, as it continues to expand in Germany’s dynamic hospitality sector.

The newly acquired Hamburg site, located at Lüneburger Strasse 5, will host 88 high-end serviced apartments across 3,100 sq m of lettable space, featuring units ranging from 20 to 35 sq m. Construction is set to kick off at the end of Q1 2025, with completion expected by Q3 2026. Munich-based limehome, a leader in digitalised serviced apartments, has already secured a lease on the property, underscoring the project’s appeal and market readiness.

The undisclosed transaction, estimated at €15–20 million, reflects Centralis’s ambition to tap into Hamburg’s growing demand for upscale serviced accommodation. Felix Lorenz, Head of Investment at Centralis, stated, “The repositioning of the hotel in Berlin and the start of construction in Hamburg showcase our ability to operate counter-cyclically, meeting the demands of a rapidly expanding asset class. We aim for a project volume of at least €100 million in 2025, bolstered by our secured pipeline and strategic acquisitions in prime A-city locations across Germany.”

Centralis’s latest move also includes the upcoming handover of a converted former hotel property in Berlin’s Friedrichshain district. Acquired last year, the Weserstrasse 24 property has undergone a comprehensive upgrade, enhancing its energy efficiency and aesthetic appeal. Now fully repositioned, the building features 42 newly designed serviced apartments spanning 1,100 sq m, complete with shared access to a conservatory.

Matthias Maas, Vice President of Expansion at limehome, emphasized the importance of these developments in limehome’s continued growth across Germany. “The projects in Hamburg and Berlin represent significant steps in limehome’s expansion. Our collaboration with Centralis has been instrumental in bringing these projects to fruition, and we look forward to adding more modern, digitalised apartments in key cities.”

With a pipeline of projects in prime locations and a target project volume of €100 million, Centralis is set to maintain its momentum in Germany’s competitive serviced apartment market, leveraging strong partnerships and robust market demand.