Cologne, 29. February 2024


ipartment now has over 200 serviced flats in Cologne in its portfolio - in the immediate vicinity of the Cologne trade fair and directly opposite the opera in the city centre

Cologne – With the two newest locations in Cologne - in addition to the building at Hamburg Airport and the Kesselhaus in Leverkusen - ipartment has already signed contracts for 360 new serviced flats in the first two months of 2024. "We are thus consistently pursuing our expansion strategy," says Ralph Stock, co-owner and CEO of ipartment GmbH. In the Cologneo-Campus located next to the Cologne Trade Fair, a new sustainable quarter that combines living, working, commerce and gastronomy as well as art and culture, 178 serviced flats will be built by autumn 2026. The flats, ranging in size from 22 to 38 square metres, will be built on around 6,000 square metres over four floors. The project developer is CG Elementum AG, whose Cologne branch is also located on the site. "We are delighted to welcome the serviced flat operator ipartment as a new tenant. This partnership is an important step towards further filling the site with life. Last but not least, we are creating the conditions for operating the entire neighbourhood in a climate-neutral manner," says Ulf Graichen, CEO/CDO of CG Elementum AG. All flats will be furnished in the usual sophisticated design and high quality. There will be a large design lounge with working space, a digital self-service kiosk, rental bicycles and an underground car park with e-charging stations. The second new Cologne property is located opposite the Cologne Opera House. In the first quarter of 2025, 31 designer flats are expected to be built there in a listed building designed by Cologne architect Wilhelm Riphahn (1889-1963). The serviced flats, ranging in size from 20 to 45 square metres, are spread over four floors with a total area of 1,020 square metres. This ipartment building, which is centrally located in Cologne's city centre, will also have a club lounge with working space. A catering offer is planned for the ground floor. The owner is the LCL Immobilien Group.

Visualisation Cologneo-Campus Image source and rights: kadawittfeldarchitektur GmbH
Bildquelle und -rechte: kadawittfeldarchitektur GmbH

Cologneo-Campus" at a glance:

  • Project developer: CG Elementum AG, Berlin
  • Number of serviced flats: 178
  • Size of the serviced flats: 22 to 38 square metres
  • Serviced flat categories: Xtra Smart (154), Smart (12), Medium (12)
  • Total square metres (serviced flats): 6,062 sqm
  • Underground car park with e-charging stations
  • New building opening: Expected 4th quarter 2026
  • Special features: CO2 zero-emission energy supply and a 2,000 square metre photovoltaic area on the roof; digitalised guest journey; large design lounge with working spaces; digital self-service kiosk; rental bikes

"Offenbachplatz" at a glance:

  • Owner: LCL Immobilien Group, Düsseldorf
  • Number of serviced flats: 31
  • Size of the serviced flats: 20 to 45 square metres
  • Serviced flat categories: Xtra Smart (12), Smart (12), Medium (4), Large (3)
  • Total square metres (serviced flats): 1,020 sqm
  • Portfolio Opening: Expected 1st quarter 2025
  • Special features: Listed building, renowned Cologne architect Wilhelm Riphahn, direct city centre location

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. From two flats in Cologne at the beginning, there are now 1,300 Design Apartments in Germany. The flats range in size from around 20 square metres to around 70 square metres, some with balconies or even roof terraces. The current occupancy rate is 92 per cent. Of these, 90 per cent are business travellers and the remaining 10 per cent are private travellers. The average length of stay in the long-stay sector at ipartment is 45 days. The approximately 70 employees currently manage 17 locations and a co-working space. The focus is on further expansion - particularly in other European countries.

About CG Elementum AG:
With the development and construction of ecobuildings, a new type of neighbourhood, CG Elementum AG and its parent company, Gröner Group AG, are setting standards in the property industry. Sustainability, high-quality architecture, affordable living space and the requirements of users for customised functionality are equally important to the Group. The aim of ecobuildings is to reduce CO2 emissions by up to 80 per cent and ensure that the neighbourhoods are virtually CO2-neutral. CG Elementum AG is developing and realising over 75 projects across Germany, of which up to ten are currently under construction. With a total development volume of around EUR 5 billion, eight branches in Germany and 460 employees at CG Elementum AG and 80 employees at ecobuilding AG, the company is one of the leading property companies in Germany and is headquartered in Berlin. Further information can be found at and www.ecobuilding. 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
Marcus Löwe
Phone (+49) (0)221-921-636-242