Ongoing / Asset Repositioning, Co-Living
Barnovi Co-Living
Value created by rethinking what the site should become.
01
Office
Acquired with an approved design for an office building.
02
Service apartments
Repositioned into residential and service apartments.
03
Residential
Redefined as a multi-apartment residential building.
Each change of use raised the project's value, from approximately USD 1.15M at acquisition to approximately USD 3.5M.
Value Created
ACQUISITION COST (HISTORICAL)
≈ USD 1.15M
SUBSEQUENT VALUATION
≈ USD 3.5M
PROJECT AREAS
- Land area
- 2,274 m²
- Apartments area
- 2,797.2 m²
- Balconies & terraces
- 1,098.3 m²
- Total for sale
- 3,895.5 m²
- Apartments
- 55
- Parking spaces
- 18