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6 September 20231 minute read

DLA Piper advises YAYS on expansion into Germany with 200 key serviced apartment project in Berlin

DLA Piper has advised YAYS, a leading serviced apartment operator in Europe, on its expansion into Germany with a new project in Berlin. In collaboration with real estate partner Caprate, YAYS will embark on the development of YAYS Berlin Liesenbrücke – one of the largest serviced apartment projects in Berlin scheduled to open in 2026.

YAYS Berlin Liesenbrücke will comprise 200 apartments, offering 102 one-bedroom apartments and 98 studios, showcasing YAYS’ innovative design and hospitality-oriented concept. Situated in a vibrant neighborhood in between Mitte and Gesundbrunnen, the new YAYS property is strategically positioned to cater to both leisure and business travellers.

The expansion into Germany marks a significant milestone in the company’s strategic growth plan. YAYS is currently managing 16 distinct properties across Benelux and France.

The DLA Piper team was led by partner Dr Martin Haller and senior associate Markus Kotowski (both Real Estate/Hospitality and Leisure, Munich) and further included counsel Dr Christoph Dachner (Corporate/M&A), associate Angelina Krußig (Real Estate, both Munich) and from the DLA Piper office in Antwerp lawyer Fauve Vander Schelden (Corporate/M&A).