Quarterback Immobilien AG, a major project developer from Leipzig, has decided to sell its entire residential portfolio. Around 2,800 rented apartments are changing hands, including 40 houses in Leipzig and 25 in Delitzsch. According to CEO Tarik Wolf, the new owner is Germany's largest real estate group, Vonovia SE, which is headquartered in Bochum.
Wolf emphasizes that not much will change for tenants, as Quarterback will continue to manage and operate the properties via its subsidiary Renta-Servicegesellschaft. Tenants will only have to use a new account number for transfers, which will be specified in the relevant letters. In addition to the account change, tenants will be sent a contact details form and a data protection declaration.
The sale is part of a new corporate strategy that focuses on Central Germany and Berlin/Brandenburg. Since 2024, Quarterback has completed around 18 major construction projects with a volume of 675 million euros. These changes have led to a strengthened balance sheet and secured liquidity.
The decision to hand over the residential portfolios to Vonovia is the result of a strategic change that was accelerated by Vonovia's takeover of Deutsche Wohnen. Despite the crisis situation in the construction industry, Quarterback was able to hold its own and devote itself to new projects.
In future, Quarterback would like to act as a construction group and service provider for various investors in central Germany. For example, there are plans to realize new construction projects, such as the 205 apartments in the southern suburbs of Leipzig.
Projects are also currently underway in Dresden, such as the refurbishment of 166 apartments for Vonovia in the high-rise building on Pirnaischer Platz. These projects are part of efforts to improve and expand the residential landscape in central Germany.
Quarterback currently employs 370 people and is looking to recruit more staff. The new business areas also include the operation of solar parks. In January, the first 18-hectare solar park was put into operation near Oldenburg.
Vonovia remains the largest player in the German real estate market with 550,000 apartments under management nationwide. In Leipzig, Buwog, which is part of the Vonovia Group, is planning to build 1,800 new apartments.
