PROJECT

Zinnowitz

Kulturhaus Zinnowitz is a landmark revitalization project in the center of the Baltic seaside resort of Zinnowitz on the island of Usedom.

Once a 1950s cultural and social hub, the listed building stood vacant for decades after reunification and is now being transformed into a high-end residential and wellness destination that unites architectural heritage with contemporary coastal living.

  • The development spans five structures (3-4 stories each), housing 89 luxury units across 8,000 sqm of residential space.
  • Restoration preserves the historic 1950s facade and load-bearing walls; contemporary interior programming and two new wings modernize functionality.
  • Facing Kulturhaus Park, the design establishes a close relationship between the architecture and its landscaped surroundings.
  • Inside, residents will find a comprehensive wellness and fitness area, including a swimming pool, sauna, and treatment spaces for physiotherapy and beauty applications, providing a resort-level living experience just minutes from the beach and promenade.

Dunman oversees the project as part of its special situations-strategy, combining asset management, construction management, and strategic oversight, and focusing on financial and operational restructuring.

Dunman advised the acquisition and financial restructuring of Kulturhaus Zinnowitz and now manages the full project execution, ensuring consistency between concept, planning, and delivery.

Through an integrated management approach, Dunman directs all aspects of the project lifecycle, from structuring and permitting to implementation and commercialization.
The objective is to unlock intrinsic value while preserving cultural significance and creating a future-ready coastal living concept.

Kulturhaus Zinnowitz demonstrates Dunman’s ability to transform complex legacy assets into sustainable residential destinations that combine history, recreation, and modern living in one of Germany’s most distinctive seaside locations.
Beyond this project, Dunman actively seeks comparable opportunities involving complex or transitional real estate situations where operational, technical, and strategic expertise can unlock value and drive sustainable transformation.

ACQUISITION
July 2025

ASSET TYPE
Luxury condominiums and holiday homes

AREA
8,000 sqm

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