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.
Tel.: +49 (0)69 - 920374-106
Fax: +49 (0)69 - 920374-100
E-Mail: jerey@operaone.de
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