Residential

limehome opens in Prague and grows in Verona, Milan, Bari and Rome

One year after its launch in Italy, the company has increased its portfolio to more than 250 units, a 33% increase since January

4' min read

4' min read

limehome - an operator specialising in Europe in the offer of flats and hotel rooms managed with fully digitalised processes - announces its entry into the Czech Republic with the opening of an office in Prague, bringing to 11 the number of countries in which it is present in Europe.
The entry into the Czech Republic," reads a note, "confirms the positive year recorded by the company, which has already equalled the growth rate of 2023 with the contracting of another 2,000 new units in the third quarter of 2024. In a stagnant real estate market, limehome has expanded its portfolio by 33 per cent since January.

The Prague opening further consolidates limehome's presence in Central Europe. The new building is located on Halkova Street, and is an existing property: a hotel located near Wenceslas Square and close to the city's shopping and cultural centre. The building will offer 49 residential units, including spacious penthouses (90 sqm) and a large communal terrace. It is scheduled to open by November.

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In Italy the real estate portfolio increases

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One year after its launch in Italy, the company increases its portfolio with new properties in Verona, Milan, Bari and Rome to more than 250 units. A new project in the heart of the historic centre of Milan, between the Teatro alla Scala, the Duomo and the Castello Sforzesco, underlines limehome's desire for unique locations. The flats will blend the classic architectural charm typical of historic buildings with modern design and comfort. Guests will also be able to enjoy views of the city of Milan from a communal terrace on the sixth floor.

In Verona, limehome secured its first project located in 'La Vigna in Città', renowned for its 100-year-old vineyard in the inner courtyard. In the heart of the Veronetta district, guests will be able to explore an area full of medieval architecture, artisan workshops and art galleries from November 2024. limehome also announced a new project in Rome's Pigneto district, which will be operational by the end of November 2024, and two other locations in Salerno and on the Amalfi Coast ready to welcome guests as early as this year. Finally, it will also open two new hotels in Bari between 2026 and 2028.

"By the end of the year," said Alessandro Giuffrè, Country Manager Italy & Director Expansion of limehome, "we expect to contract between 400 and 500 units, considering the rich pipeline under negotiation in several strategic Italian destinations from Veneto to Sicily; we do not exclude any opportunity a priori, aware that Italy is one of the European countries with the greatest shortage of innovative and contemporary offerings. We consider office conversions, new residential or hotellerie developments, and enhancement of existing structures with high potential'.

limehome in Spain and Portugal

Spain is once again the second largest market for limehome, with almost 1,800 units in 70 locations, placing the company among the top five hospitality companies with the largest portfolio in the country. In Barcelona, limehome has added a new location in L'Hospitalet de Llobregat to the 150 units already present.

Madrid continues to be a landmark with the acquisition of a 13th property in the Chamberí district. The project realised with developer Grupo Impar will feature 53 flats and a communal terrace and is expected to be available in the first half of 2026. Guests will soon also be able to enjoy the sea in San Sebastián, with flats located within walking distance of La Concha beach to be available in early 2025. Other new locations in Madrid, Jerez and Orense underline the company's commitment to growing its presence in Spain.

In Portugal, limehome has launched three adjoining properties in the historic centre of Évora, a UNESCO World Heritage Site famous for its preservation of Roman sites. The properties, which are already operational, appeal to both local and international tourists and are located within walking distance of the famous Roman Temple of Évora. With the three buildings, Évora becomes the third largest city in Portugal, with over 300 units already acquired, bringing the Iberian portfolio to more than 2,000 units.

High-profile building in both Greece and Austria

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In Greece, limehome is transforming an office building in the centre of Athens into 32 serviced-apartments. Located only 200 metres from Omnia Square and close to Monastiraki Square, the property enjoys a strategic location for both business travellers and tourists. This project marks the first collaboration with Greek developers, with plans to work on further projects in Athens and Thessaloniki.

limehome is also expanding in Austria with major projects in Vienna and Salzburg. In Vienna's trendy Karmeliter district in the second district, a commercial property in Tandelmarktgasse has been renovated to accommodate more than 50 flats. The Vienna property represents limehome's seventh location in the capital and is expected to be completed by the end of 2026. In Salzburg, the company is converting a historic building in the city centre.

"We are thrilled to be able to offer our guests convenient and comfortable stays in new and vibrant locations such as Prague, San Sebastián," said Josef Vollmayr, co-founder and co-CEO of limehome. In just nine months we have reached the numbers recorded in 2023. Now we are aiming even higher. Our strong market performance, driven by an all-digital business model and a product with a strong focus on quality design, has made us one of the most sought-after real estate partners throughout Europe. In our ambitious plan to exceed 20,000 flats in the next three years, we want to expand our sustainable and scalable model across Europe.

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