Value One and MILESTONE Student Living open 219 apartments in Aachen West
MILESTONE's international expansion continues with the opening of a new building in Aachen. The existing listed property with 71 apartments in Aachen is now joined by a new building with 219 apartments. The new MILESTONE Aachen West combines student living with serviced apartments and thus creates a new standard for young living in the city.
The new MILESTONE Aachen West represents a highlight right in the student heart of the city. With a total of 290 apartments and 133 garage parking spaces, the new building will more than quadruple the previous capacity. "What is special about this project is the combination of monument and new building. MILESTONE has succeeded in realizing an extraordinary combination and, through the completion of the project, in bundling the activities in the areas of student living and serviced apartments under one roof." Andreas Köttl, CEO of Value One, describes the project. Value One thus demonstrates what the circular economy of a property can look like in practice.
Gym, Club Room and Learning Lounges
The new MILESTONE Aachen West will offer a variety of special facilities for young professionals and students. The community areas such as the gym, the learning lounges and the club room are located in the new building, but can be used equally by all residents. A resident manager and a house technician are available to the residents. MILESTONE's all-in concept offers fully furnished, functional apartments with private bathrooms and kitchens as well as operating costs and use of the community areas.
Special ownership structure with rental pool
Another special feature of this project is the ownership structure. This is because the apartments were sold individually and the owners can choose to participate in the tenant pool and have MILESTONE rent out the apartments. "This innovative form of exploitation offers an attractive way for buyers to participate in a project without having to incur large expenses in managing the property. We realize high-quality projects and MILESTONE offers a wide range of services for owners and tenants," said Andreas Köttl, CEO of Value One.
"Good Shepherd" as the heart of the project
The starting point for MILESTONE Aachen West was the revitalization of the listed former monastery building "Guter Hirte" which already opened in 2019 and offers 71 residential units. "The project is a milestone for Aachen and for us as project developers," said Stefan Knafl, managing director of "Guter Hirte," a joint venture of Value One Group from Vienna and Ideal Wohnen from Cologne. "The project is the "Gateway to Campus West", the largest inner-city campus development area in NRW, which will be realized step by step by the Reinisch Westfälisch Technische Hochschule RWTH from 2023. Together, we will contribute to the further positive development of the location and the university of excellence."
About MILESTONE, a brand of Value One
Value One, headquartered in Vienna, develops and operates extraordinary real estate and urban quarters that are a joy to live in. In the three business units Development, Operations and Investments, more than 200 employees work on the realization of our visions. Over the past 20 years, Value One has realized outstanding properties worth around two billion euros. By 2024, more than 15,000 people will live and work in our properties. Vienna's Viertel Zwei urban development and our MILESTONE Student Living brand across Europe are just two examples of the new standards we are setting.
MILESTONE Student Living follows an ALL-IN concept and combines fully furnished apartments with the highest design and quality standards, a variety of community areas as well as an international community Through the MILESTONE Passport, residents have the opportunity to spend up to 2 weeks per year on vacation in another MILESTONE house. Since the opening of the first house, MILESTONE Vienna Prater in 2013, another 10 student residences have been opened in Austria, Poland, Portugal, Germany and the Netherlands. With more than 2,600apartments in operation, MILESTONE is a pan-European student housing operator and on course for expansion in Europe.