Maintenance/Modernization/Neighborhood Development/New Construction
The quality of our portfolio plays a particularly large role in achieving the economic goal of “increasing our company’s value.” Accordingly, we deal with it intensively in our daily business. Portfolio quality has two facets for us: First, it is important that our properties are in good structural condition; and second, we want to promote the income and value of our portfolio through new construction and holistic neighborhood development projects, as well as acquisitions and sales.
We use modernization and maintenance measures to make ongoing investments in our portfolio. As a leading residential real estate company, we have considerable opportunities open to us when it comes to using standardized procedures and materials to achieve economies of scale in our investment activities. Wherever it is appropriate and technically feasible, we try to use standard products for our maintenance and modernization measures. The volumes we can generate as a result enable us to agree on special conditions with our suppliers, allowing us to either receive higher-quality goods for the same price, or to purchase the material to be used at a lower price. The fact that the construction work is executed exclusively by our technical service also allows us (thanks to the large number of recurring orders) to shape the service processes in such a way that the necessary measures can be performed with shorter construction times and optimum resource use. This saves additional costs or increases revenue because apartments can be relet more quickly.