Opera One AG: new projects 2012
DGAP-News: Opera One AG / Key word(s): Real Estate Opera One AG: new projects 2012
23.05.2012 / 16:49
Corporate News No. 05/2012 OperaOne AG: evolving into a marketleader with A+ locations in Frankfurt
Frankfurt / Main, May 21, 2012 - OperaOne AG, a project developer for high-quality residential real estate in Frankfurt am Main, was once again able to acquire a plot of developed land in an absolutely top location in Frankfurt. The project 'Westendstrasse' is located in one of Frankfurt's most popular areas. Ralph Jerey, CEO of OperaOne AG, is delighted with the acquisition of a fifth project: 'Frankfurt in particular continues to offer an excellent market environment with a good price level and upbeat demand. Following the recent sale of the project 'Kettenhofweg' with an overall margin of 25%, we are particularly delighted to have once again succeeded in acquiring such a prime site !'. Opera One plans to establish High-End-Apartments with a Living space between 330 and 420 sqm each.
Ralph Jerey is also confident for the financial year 2012: 'Our projects are currently proceeding according to schedule. We are now looking for further new projects in the Frankfurt urban area and we are already holding concrete negotiations on a number of possible sites.'
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 40 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 42 apartments and five penthouses entailing a total living area of around 4,219 m². It is located between the Mendelssohnstrasse and Arndtstrasse in parallel with the Bockenheimer Landstrasse. The company aims to complete the project by the second 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 - 920374-100 E-Mail: jerey@operaone.de
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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
171248 23.05.2012
ISIN DE000A1H6YK2
AXC0235 2012-05-23/16:50
