Global flexible living provider Habyt has expanded in Germany with a further 400 units in Berlin and Frankfurt, reaching 1,100 new units year-to-date in Europe.
The company has added to its homes and co-living portfolio with two new openings in Berlin, and one in Frankfurt.
The expansion in Berlin includes 349 units spread across two new developments, which collectively represent 9,252 sqm in Fischerstraße 8-11 and Sickingenstraße 2-3.
In Frankfurt, Habyt has added 53 units to its existing portfolio in the city. Spanning 2,135 m2, these new units are strategically positioned in the financial district.
All new buildings are fully operated by Habyt, offering an option for relocation, and a variety of housing solutions for tenants from shared units to 1-bedroom flats.
To date, the company has opened 1,100 units in Europe so far this year. Habyt has also signed 1,500 new units and is currently in negotiation for further growth, with a record pipeline of 10,000 units.
The three new openings mark a year’s end of significant growth for Habyt together with the closing of a €40 mln series C round, its significant portfolio expansion, a company rebranding led by DesignStudio, and the opening of its first hotel in Europe, namely Habyt - The Waterfront.
Lasse Haarstark, managing director real estate EMEA at Habyt, said: 'With our three newest additions to our ever-growing portfolio in Berlin and Frankfurt, we are able to offer even more opportunities for existing and new tenants to live with flexibility in well-connected areas in these key German cities.
'In the currently challenging real estate market in Germany with high financing and construction costs, Habyt’s operator model became a promising solution for many institutional projects.'