Düsseldorf/Munich, 24 February 2026 – The Centralis Real Estate Group has acquired the property at Paul-Heyse-Straße 18 in Munich. The site, located in the central inner-city area near Munich Central Station and Theresienwiese, is currently developed with a hotel in need of renovation.
The surrounding area is characterized by an established urban structure, excellent transport connections, and strong demand from both tourists and business travelers. With this acquisition, Centralis secures another inner-city existing property with significant development potential in one of Germany’s most sought-after A-cities.
Comprehensive redevelopment with 92 serviced apartments
Centralis will comprehensively modernize the existing building and complement it with structural extensions. In addition to the refurbishment, a building extension and an additional floor are planned. The aim is to develop a modern hospitality product with 92 high-quality serviced apartments on the upper floors. Restaurant spaces are planned on the ground floor, which are intended to further enhance the vibrancy of the neighborhood.
With this project, Centralis is consistently focusing on the sustainable redevelopment of existing properties in prime urban locations, following its strategy of realizing modern serviced-apartment concepts in Germany’s major A-cities.
Limehome as the long-term operator
The serviced apartments have already been fully leased: Limehome, one of the leading European operators in the field of digital hospitality concepts, has been secured as the operator. The technology-driven, fully digitalized operating concept caters equally to business and leisure travelers.
apoprojekt appointed as construction partner
For the structural implementation, Centralis has appointed apoprojekt as the general contractor. The company has extensive expertise in the revitalization of complex existing properties as well as in the realization of modern hospitality and apartment concepts.
Comments on the acquisition
Dr. Fabian Vieregge, CEO of Centralis:
“Paul-Heyse-Straße 18 fits perfectly into our investment profile. We develop inner-city existing properties with structural modernization needs into future-oriented hospitality products. Munich is a strategically important location for us with sustainable demand across all relevant segments.”
Lukas von Lüdinghausen, Co-CEO of Centralis:
“By securing Limehome and apoprojekt at an early stage, we are creating planning certainty and a strong operational foundation already in the early phase of the project. Especially in complex inner-city redevelopment projects, close and cooperative collaboration between all parties involved is crucial to success.”
Matthias Maas, Vice President Expansion DACH & BeNeLux of Limehome:
“Munich is one of the most important hospitality markets in Europe. The central location near the main train station and Theresienwiese provides ideal conditions for our digital hospitality concept. We share a long-standing and trusting partnership with Centralis, which also forms the foundation for the successful realization of this project.”
Sebastian Mall, Head of the Munich Office of apoprojekt:
“The revitalization of inner-city existing buildings requires precise planning, technical expertise, and efficient execution. Together with Centralis, we are further developing the property into a modern, sustainable hospitality location.”
about Centralis Real Estate
Centralis is an owner-managed investment and development company specializing in modern hospitality and mixed-use properties in prime urban locations. The company focuses on acquiring, developing, and repositioning sustainable serviced apartment and boarding house concepts for technology-driven, user-efficient operators. To this end, Centralis is building a diversified portfolio with a medium-term portfolio target of approximately EUR 500 million (GDV) in major German cities.
More information at: www.centralis-immobilien.de
about apoprojekt
apoprojekt is a leading provider for all transformation tasks in existing real estate – ranging from customized interior fit-outs and complex revitalizations to multi-site solutions. The owner-managed company is represented across Germany with seven locations and around 600 employees. To date, apoprojekt has completed approximately 4,700 projects with a total construction volume of more than €2.2 billion. In addition to its headquarters in Hamburg, the company has further offices in Berlin, Düsseldorf, Frankfurt am Main, Munich, Nuremberg, and Stuttgart.
more information at: www.apoprojekt.de
about Limehome
Limehome is a leading technology-based hospitality operator offering functionally designed accommodations across Europe. Through the use of its proprietary technology, Limehome enables a seamless and comfortable stay with a fully digital guest experience for both business and leisure travelers.
Founded in 2018, Limehome now employs more than 300 people and counts over 12,500 Limehome apartments and hotel rooms across 159 cities in 13 European countries.
more information at: www.limehome.com
Press contact:
Johannes Braun
PB3C GmbH
Telephone: +49 (0) 89 242 086 536
braun@pb3c.com
