GERMANY PURPOSE-BUILT SMART LIVING RENTAL HOUSING DEVELOPMENT
Lyoner Strasse 30, Frankfurt am Main
60528 GermanyLY30 is a harmonious community comprised of fully furnished, smart living apartments designed for students, young professionals and commuters. Greystar acquired LY30 Frankfurt from AviaRent Invest AG in 2019, with the objective to reposition the building to deliver an enhanced residential experience. The comprehensive value-add strategy focused on renovating all 180 units and creating common areas by Summer 2021, ultimately delivering a modern asset with associated amenity space and on-site service that is unique and desirable in today’s Frankfurt market.
Frankfurt’s Lyoner Quartier is strategically located between the international airport and downtown and has excellent links to both motorway and railway networks. Its proximity to the municipal forest and the Main river, combined with extensive green areas make Lyoner Quartier highly attractive as a residential location.
Residents benefit from a range of bespoke building facilities such as common areas, furniture packages, retail space including grocery stores, restaurants, retail, sport facilities and, support from the on-site leasing office. With new shared amenities now available, residents can enjoy a new rooftop terrace, lounge, gym and newly refurbished laundry, all from comfort of their homes.
The LY30 development provides fully furnished apartments designed for smart living. The community includes 180 purposefully renovated new homes, comprising studios, two-bedroom and penthouse apartments across a 12-storey micro-unit complex in the Lyoner Quarter of Frankfurt. Greystar’s acquisition of LY30 Frankfurt from AviaRent Invest AG in 2019, presents an attractive opportunity for service-led institutional rental housing based on macro trends across the country’s top urban center.