Germany: Developer GBI Group has received the immobilienmanager-Award 2019 in Cologne.
The company was awarded first prize in the Investment category for the successful development of the SMARTments product family, which includes the SMARTments student, SMARTments business and SMARTments living brands.
The award came as GBI CEO Reiner Nittka was also shortlisted for the Industry Inspiration award at the Serviced Apartment Awards in London.
“The initial nomination of GBI for this prestigious award is a great honour for us”, said Nittka. “The fact that within a few days our micro-apartment project developments have been acknowledged twice is a great encouragement for the comprehensive team performance of the entire GBI Group of Companies”.
A total of 17 SMARTments student properties are in operation in cities such as Hamburg, Frankfurt, Cologne, Essen and Berlin. The first SMARTments student outside Germany opened in 2018 in Vienna. Further properties are currently under construction in Hamburg, Berlin, Düsseldorf, Vienna and Paderborn. Six SMARTments business are currently in operation – in Berlin, Hamburg, Munich and Vienna. Further projects are being built in Mannheim and Vienna, where GBI has already successfully launched its first property this year. SMARTments living project developments are currently underway in three cities, including Hamburg and Wiesbaden.
GBI says its SMARTments properties are almost fully booked everywhere – occupancy is well over 90 per cent. The various SMARTments concepts have also proven to be a very good complement in mixed-use projects, for example on converted railway plots or in the development of new city quarters, it adds.
