DGAP-News: Opera One AG / Key word(s): Real Estate
Opera One AG: Investing minimum EUR 68 million new real estate project
21.06.2012 / 07:30
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Corporate News No. 06/2012
OperaOne AG: Investing minimum of EUR 68 million in development of a new
apartment site in western part of Frankfurt
Frankfurt / Main, June 21, 2012 - OperaOne AG will develop a new and unique
high quality apartment site in the so called 'Gallus-Viertel', a western
district of Frankfurt. The main investment theme is to develop a high
quality residential standard with perfect transport connection to the
nearby financial district.
Located at the Mainzer Landstrasse, close to a parkside, the acquired plot
sizes 8.000 sqm. Total planned living space is about 20.500 sqm with 300
flats, with 2 supermarkets and underground parking lots planned. The
targeted project-related investment volume is between EUR 68 million and
EUR 80 million.
Mainzer Landstrasse is the sixth project of OperaOne AG realized under the
lead of CEO Ralph Jerey since the IPO of Opera One in 2011. 'Following the
sale of our first project in 2012 with an overall margin above 25%
exceeding our expectations, we are delighted with the acquisition of this
property' says Mr. Jerey.
OperaOne AG is evolving into a market leader with A+ locations in
Frankfurt. The project Mainzer Landstrasse enables Opera One to establish
among Frankfurt's leading real estate development companies.
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
projects in Frankfurt's top 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 - 920374-100
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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174822 21.06.2012
DGAP-News: Opera One AG: Investing minimum EUR 68 million new real estate project
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