Serviced living at Offenbachplatz opposite Cologne Opera House

Cologne, December 11, 2025 – Right in the heart of Cologne city center, ipartment GmbH is opening its new building today on the historic Offenbachplatz. Just a few steps away from the opera house, opposite the so-called 4711 House and in the immediate vicinity of the major shopping streets Schildergasse and Hohestraße, and not far from Altermarkt and the Rhine.

Nestled in a listed ensemble designed by renowned architect Wilhelm Riphahn (1889-1963), the new property offers 29 modern serviced apartments for business travelers, project staff, creative professionals, and urban travelers—ideal for long and short stays.

The existing property was adapted to the requirements of serviced apartment use by the LCL Immobilien Group from Düsseldorf as project developer – and now combines architectural history with contemporary design and urban functionality.

“We are delighted about the opening of this special building right next to Cologne Opera House. Its central location, sensitively adapted design in line with monument protection regulations, and specially developed color scheme make this project something very special for us. It shows how attractive serviced apartments can be in existing inner-city properties,” says Ralph Stock, CEO and shareholder of ipartment GmbH.

Daniel Lammerting, Managing Director of the LCL Real Estate Group, also emphasizes the significance of the project: “We are delighted that the property has been given a contemporary and sustainable new lease of life as serviced apartments. Together with ipartment, we have created a successful building that enhances the location and transforms Wilhelm Riphahn's unique architecture into a modern-day use.”

The fully equipped serviced apartments, ranging in size from approximately 19 to 43 square meters, are spread over four floors with a total area of 1,020 square meters. This ipartment building also features a club lounge with a workspace and digital mini-supermarket, as well as a laundry room.

Cologne Opera at a glance:

• Owner: LCL Immobilien Gruppe, Düsseldorf
• Number of serviced flats: 29
• Size of the serviced flats: 20 to 45 square meters
• Categories of serviced flats: Xtra Smart (16; approx. 19 to 20 square meters), Smart (4; approx. 25 square meters), Medium (4; approx. 30 square meters), Large (5; approx. 43 square meters)
• Total square metres (serviced flats): 1.020 square meters
• Opening: 11.12.2025
• Special features: Existing building/listed building; renowned Cologne architect Wilhelm Riphahn; direct city center location; harmoniously integrated, modern design and color concept; custom-made kitchens

About ipartment GmbH:
ipartment GmbH was founded in Cologne in 2008. The company is now the leading German provider of serviced flats in the business long-stay segment. With "First Choice Second Home", ipartment offers a concept for people who prefer to stay "at home on the road" rather than in a hotel. What makes it special is the design-oriented furnishing of the flats and houses, the fully digitalised guest journey and the all-round service.
What began with two apartments in Cologne has now grown to over 1,300 designer apartments in Germany (lease agreements have already been signed for another 1,300 apartments). The apartments range in size from approximately 20 square meters to around 70 square meters, some with balconies or even roof terraces.
The current occupancy rate of the properties is 89 percent. Of these, 85 percent are business travelers and the remaining 15 percent are private travelers. The average length of stay in the long-stay sector at ipartment is 37 days.
The approximately 80 employees currently serve 18 locations.
ipartment has been a member of the international hotel network Best Western International since November 2025. The new Cologne Opera property is also part of the network. It is operated under the brand name ipartment Cologne Opera @home by Best Western.

www.ipartment.de

About the LCL Real Estate Group:
The LCL Immobilien Group operates as a portfolio investor in the property sector. Since the company was founded in 1964, it has built up a diversified property portfolio in the NRW region, which is actively developed, managed and continuously expanded by means of its own management company and internal property management. The focus is on commercial property with an emphasis on the office, warehouse and logistics sectors. The group is also active in the retail, residential and operator property sectors.

Press contact:
ipartment GmbH
Melanie Brochhaus-Piel
brochhaus@ipartment.de
Tel (+49) (0)177 683 16 78