Cologne, 17. July 2023

ipartment: reorganisation of the shareholders 

• Matthias Rincón sells his shares in ipartment and remains on board as a consultant
• Managing Director Ralph Stock takes over the strategic expansion and other business areas
• Growth course to be continued 

Cologne, July 2023. ipartment founder and managing director Matthias Rincón has sold his shares in ipartment GmbH and will leave the company for private reasons on 1 September 2023. Matthias Rincón will continue to work for the company as an external consultant for communication, marketing and brand management with an exclusive contract for at least 24 months. ipartment has grown strongly in recent years despite the economic crisis and has recorded high occupancy rates of over 90% at all locations. In the last five years alone, the operator has opened nine new properties, including large properties such as the Gateway Gardens airport building in Frankfurt am Main with 177 units and, most recently, the building on THE UNIQUE office campus at the capital's BER airport with 159 serviced flats. The operator, which specialises in business customers, has thus more than doubled its offering. 

"I am delighted to remain associated with the company we have built up together and to be able to drive ipart-ment forward 'from the second row' without being involved in day-to-day operations. At the same time, ipartment is ideally positioned for the future in this constellation," says Matthias Rincón. 

Managing partner Ralph Stock will now be responsible for all business areas and will drive forward the expansion course: "Matthias Rincón's departure has led to the partners moving closer together. We are very solidly positioned for the future and will continue our expansion," explains Ralph Stock. 

About ipartment
ipartment GmbH, based in Cologne, was founded by Matthias Rincón and Ralph Stock in 2010 and operates serviced flats in attractive business locations. These include, among others: Frankfurt am Main, Cologne, Hamburg, Böblingen, Wolfsburg, Darmstadt and Braunschweig. ipartment currently operates a total of 17 serviced apartment buildings in German-speaking countries. Braunschweig. Derzeit führt ipartment insgesamt 17 Serviced-Apartment-Häuser im deutsch-sprachigen Raum. 

With three new properties in Charlottenburg, Mitte and at the growing airport location Berlin-Brandenburg (BER), ipartment will offer a broad portfolio totalling 230 serviced flats in the capital from summer 2023. 

ipartment – honoured and awarded 
// So!Apart 2019: Special Award
// Winner German Brand Award 2016
// So!Apart 2014 and 2015: ipartment Frankfurt is "Germany's Best Apartment House" 

ipartment GmbH, Matthias Rincón, Ralph Stock, Management, Gilbachstr. 29a, 50672 Cologne, (+49) 221 92 16 36 200,,
Press contact: Irmelin Ehrig, Redaktionsbüro Ehrig & Partner, Martin-Luther-Straße 86, 10825 Berlin Phone(+49) 30 21 96 96 46, mobile: 0179 - 686 04 76,