The property company Grundstücksgesellschaft Gateway Gardens GmbH and Frankfurt real estate advisor black olive advisors GmbH signed an agreement that will govern the marketing of Gateway Gardens, a new district at Frankfurt Airport City.
Since the completion of the first building in 2008, more than 33% of the space has already been marketed. The cooperation with a lead estate agent is meant to continue this trend. Indeed, given the number of sales contracts now signed or about to be signed in the near future, project stakeholders expect to be able to raise the sales ratio up to 40% soon.
“blackolive, as an external resource, will provide additional assistance to our so far successful marketing approach,” said Dr. Kerstin Hennig, Managing Director of Grundstücksgesellschaft Gateway Gardens and in charge of marketing. “We were hugely impressed by the long-term experience, the excellent network and the motivation that the blackolive team brings to the job,” Hennig went on to say.
Oliver Schön, co-founder and Managing Director of black olive advisors GmbH, confirmed the bright prospects: “We are very pleased with this agreement that lets us operate as lead estate agency for Gateway Gardens. As far as we can see, this is one of the largest and most exciting real estate projects in Germany. It is a rare thing for an estate agency to be given the opportunity to collaborate in the development of an entire city district. What persuaded us most was the integrity of the concept. There are few if any corporate locations in Europe that boast the same level of mobility.”
With a projected gross floor area of 700,000 m² on an estate of 35 hectares, Gateway Gardens is one of the largest urban district developments of any airport city in Europe. Frankfurt's new district straddles several of Germany's key transport arteries: the largest international airport, the largest airport railway station, and the busiest motorway interchange in the country.
Source: Gateway Gardens