DGAP-News: Opera One AG / Key word(s): Change of
Personnel/Miscellaneous
Opera One AG: Change to Management Board
12.01.2012 / 17:07
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Corporate News
No. 03/2012
OperaOne AG: Change to the Management Board
Frankfurt / Main, January 12, 2012 - The Chief Investment Officer of
OperaOne AG, Jan Stahmer, leaves the company by mid of February 2012. The
Supervisory Board extends its thanks to Mr. Stahmer for his great
commitment and for the successful cooperation. It is not planned to
reoccupy the Chief Information Officer's position. Ralph Jerey, Chief
Executive Officer of OperaOne AG, will take over Jan Stahmer's area of
responsibility.
Company profile
OperaOne AG is a project development company that specialises in the
acquisition, development and sale of high-quality residential real estate.
The company focuses its investments on the inner city area of Frankfurt am
Main. This includes the popular city districts of Westend, Nordend,
Holzhausenviertel, Sachsenhausen and Europaviertel, among others. The
company primarily purchases existing residential and commercial properties
that offer the potential for expansion and alternative utilisation. The
targeted project-related investment volume is between EUR 5 million and EUR
15 million. The acquired properties are to be realised on the basis of
modern, high-quality residential concepts with a focus on the
sustainability aspects of residential quality and economic and energy
efficiency, before being sold.
The company is currently developing the 'Westend Suites' residential
project in Frankfurt's West End. This residential building, which is being
renovated to high-quality standards, contains 43 apartments and five
penthouses entailing a total living area of around 4,250 m². It is located
between the Mendelssohnstrasse and Arndstrasse in parallel with the
Bockenheimer Landstrasse. The company aims to complete the project by the
first quarter of 2012, before selling the Westend Suites as part of a
global sale. In addition, OperaOne plans and runs further projects in the
inner city area of Frankfurt.
OperaOne AG has set itself the long-term objective of becoming a leading
project developer of high-quality residential real estate in Frankfurt am
Main. The company also aims to realise this objective in the form of joint
ventures in other development companies' projects. Over the past 20 years,
OperaOne AG's management has developed and realised many comparable
properties in top Frankfurt locations. Based on an extensive and
established network that includes real estate agents, city planners,
investors and project developers, the company has created an attractive
project pipeline.
Contact:
OperaOne AG
Ralph Jerey
Tel.: +49 (0)69 - 920374-106
Fax: +49 (0)69 - 920374-101
E-Mail: jerey@operaone.de
End of Corporate News
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Language: English
Company: Opera One AG
Rossmarkt 11
60311 Frankfurt
Germany
Phone: 069 920 374 100
Fax: 069 920 374 101
E-mail: info@operaone.de
Internet: www.operaone.de
ISIN: DE000A1H6YK2
WKN: A1H6YK
Listed: Open Market (Entry Standard) in Frankfurt
End of News DGAP News-Service
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152597 12.01.2012
DGAP-News: Opera One AG: Change to Management Board
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