Waldbadviertel

Short Facts

Estimated data

Project completion 2017
Share Convalor 50 %
Residential units 240
Residential space in sqm 34.560

Waldbadviertel

Köln-Ostheim

As in other cities the comparatively little completion of new housing space over the last years led to higher prices for objects especially those suitable for young families. The project “Waldbadviertel”, jointly realized by CONVALOR and Stefan Frey AG, was an offer affordable for almost any family to acquire a row house.

By way of leasehold (heritable building right) the monthly payments for the buying price are in most cases lower than the rent for a comparable apartment. Through a close and efficient collaboration of the builder and his construction companies costs will be minimized from the start. Furthermore several groups of houses are pooled to joint ownerships to reduce overheads. Above several ways of government aid are available and can be factored in the funding.

This building project once again proves CONVALOR’s philosophy that home ownership must not be limited to people of high income. The last row house was sold at the end of November 2017 and the remaining buyers will move into their new home by March 2018.

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