BPD is building a modern residential quarter with 183 units on the former Pfaff site in Kaiserslautern. The foundation stone for the project has now been laid.
Project developer BPD Bouwfonds Immobilienentwicklung laid the foundation stone for the “Kaisersgarten” residential project in Kaiserslautern in April. A total of 183 apartments are being built on an approximately 9,800 square meter section of the former Pfaff factory site. With the new quarter, BPD aims to create urgently needed living space for various target groups.
“It is a special task for us as project developers to transform a historic site in Kaiserslautern into a vibrant residential quarter and to contribute our expertise to the holistic development of a quarter,” says Ingo Schilling, Head of the Central Region at BPD.
The new quarter will be built centrally along Königstrasse. The plans include apartment buildings with two- to four-room apartments and a generously landscaped inner courtyard. An underground car park is also planned for the residents. The first construction phase is expected to be completed in the first half of 2027.
The central location guarantees excellent connections and local amenities: University, schools, nurseries, shopping facilities and the main train station are all within a few minutes’ walk.
“Buying real estate remains an attractive investment opportunity. It is increasingly worth looking at cities away from the major metropolitan areas. Smaller cities in particular are characterized by moderate purchase prices. They not only offer high rental yields, but also allow investors with less capital to enter the market,” explains Dr. Gesa Crockford, Managing Director of ImmoScout24. “University cities and B and C locations also offer worthwhile opportunities – both for existing properties and new builds.”
An analysis by ImmoScout24 from May 2024 already showed that investments in medium-sized cities promise the highest returns. The cities with the highest yield growth offer an average rental yield of 5.1 percent. In comparison, the eight largest German metropolitan areas only achieve an average rental yield of 3.5 percent for existing properties and 3.2 percent for new buildings – an increase of just 0.4 percent over the last five years. Significantly higher yields can be achieved in B and C cities, where the rental yield for existing apartments is 4.0% (+0.5 percentage points). These cities also have the best new-build rental yields, which stand at 3.4% and have risen by 0.5 percentage points since 2020.