ROY Asset Holding SE (formerly known as ROY Ceramics SE) focusses on real estate development and asset management in Houston. The Greater Houston Area features an unrivalled combination of economic strength and resiliency. ROY´s investment portfolio in Houston consists of the following projects:
3300 Main Street
The project involves the construction of a high-rise with approximately 328 residential units and approximately 1,380 m² of retail space on the ground floor. The site is centrally located in Houston, equidistant between the Texas Medical Center and Downtown. The project will take approximately two years to build and stabilization is expected within two years after that. The total investment will be approximately USD ~130 million, of which ROY is investing USD 29.0 million in equity. Construction costs will be secured by a guaranteed maximum price contract. ROY’s project partners are a leading property developer in the US with a proven track record of successfully developing such projects and a Fortune 500 US based engineering and design firm. Construction began in May 2018. It is planned that the project will be sold after it is completed and stabilized. Leasing of the units is expected to start in Q1 2020 with project stabilization expected by Q3 2021.
Single Family Homes
ROY currently leases out four single family homes in the Houston area. These homes are all zoned to good school districts and offer luxurious living in prime locations. A further six lots are currently in the development stage and ROY plans to build 3,800 and 5,000 sqf homes on these lots, with the first home available for sale in 2021.