DGAP-News: OperaOne AG acquires project in Frankfurt-Sachsenhausen
(firmenpresse) - DGAP-News: Opera One AG / Key word(s): Real Estate/Miscellaneous
OperaOne AG acquires project in Frankfurt-Sachsenhausen
18.07.2011 / 08:01
---------------------------------------------------------------------
OperaOne AG acquires project in Frankfurt-Sachsenhausen
Frankfurt/Main, July 18, 2011 - OperaOne AG, a project developer for
high-quality residential properties in Frankfurt/Main, has acquired a
property in Frankfurt-Sachsenhausen with a total plot area of 1,237 square
metres last Friday. The property located at 'Sachsenhäuser Berg' includes
two existing properties with great development potential and can be
revitalised in a high quality. The purchase price was not disclosed.
Ralph Jerey, Chief Executive Officer of OperaOne AG was very pleased about
the acquisition: 'It proves the strong positioning of OperaOne within the
residential property market of Frankfurt and the reliability of our
excellent network. We are regarded as reliable and binding business
partner, which will continue to be a great advantage for future
acquisitions of properties and residential properties.'
Sachsenhausen is the largest district of Frankfurt in area and belongs to
the most wanted and most expensive locations of the Main metropolis. Being
close to the city centre, yet a calm site, Sachsenhausen is very popular.
Surrounded by the city forest in its south, the 'Museumsufer' near the
Main's bank further north is another cultural highlight.
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.
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 a project
pipeline with a volume in the triple-digit range in millions of euros.
Individual projects of this pipeline are to be acquired by pure equity
financing on the part of OperaOne AG.
Contact:
cometis AG
Ulrich Wiehle / Dirk Ulmer
Tel.: +49 (0)611 - 205855-24
Fax: +49 (0)611 - 205855-66
E-mail: ulmer(at)cometis.de
End of Corporate News
---------------------------------------------------------------------
18.07.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Opera One AG
Rossmarkt 11
60311 Frankfurt
Germany
Phone: 069 920 374 100
Fax: 069 920 374 101
E-mail: info(at)operaone.de
Internet: www.operaone.de
ISIN: DE000A1H6YK2
WKN: A1H6YK
Listed: Open Market (Entry Standard) in Frankfurt
End of News DGAP News-Service
---------------------------------------------------------------------
132265 18.07.2011
Datum: 18.07.2011 - 08:01 Uhr
Sprache: Deutsch
News-ID 34622
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 225 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: OperaOne AG acquires project in Frankfurt-Sachsenhausen"
steht unter der journalistisch-redaktionellen Verantwortung von
Opera One AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
