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DGAP-News: Opera One AG: new projects 2012
ID: 644824
(firmenpresse) - DGAP-News: Opera One AG / Key word(s): Real Estate
Opera One AG: new projects 2012
23.05.2012 / 16:49
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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 - 920374-100E-Mail: jerey(at)operaone.de
End of Corporate News
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23.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.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(at)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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171248 23.05.2012
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Datum: 23.05.2012 - 16:49 Uhr
Sprache: Deutsch
News-ID 644824
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