The real estate market in Ljubljana faces a continuous challenge of housing shortages. While new constructions often encounter bureaucratic hurdles and limited land availability, Equinox has introduced an innovative approach with the Headline Apartments project.
From Office Spaces to Modern Residential Units
In an exclusive interview with Matej Rigelnik, CEO of Equinox, we learned about the successful process of transforming former office spaces in the DELO building into modern residential units. Approximately 1,200 m² of office space has been converted into 30 contemporary apartments.
What is particularly impressive is the renovation timeline. It took less than three months to convert old office spaces into functional apartments, demonstrating how quickly and efficiently existing properties can be adapted to meet new market demands.
Financial Perspective and Investment Potential
From a financial perspective, the project is truly remarkable. Before the transformation, offices were rented out at approximately €12/m², but now the residential units achieve nearly double that rate – around €24/m². All units are fully occupied, highlighting the project’s success.
The Headline Apartments project proves that similar transformations can double the return on investment. The payback period for the investment could be shortened to around 10 years, compared to traditional long-term rentals, where this period could exceed 20 years.
Opportunities in the Real Estate Market That Shouldn’t Be Missed
Beyond the financial aspect, the project has a broader impact on the Slovenian real estate market. It demonstrates how transforming properties can quickly provide more housing units, which is crucial given the slow pace of new constructions due to complex bureaucracy and limited land supply.
Headline Apartments is an example of how existing properties can become solutions to modern housing challenges. With an investment of approximately €2 million, where around €70,000 was allocated per unit (€35,000 for acquisition and €35,000 for renovation and furnishing), the project promises to be one of the most profitable in its class.
Watch the Full Video
To learn more about the behind-the-scenes of this project, watch the full video and discover why opportunities like this in the real estate market shouldn’t be missed!
