HOCHTIEF Projektentwicklung has sold its planned residential and commercial property 'Am Europagarten' in Europaviertel West to ABG FRANKFURT HOLDING Wohnungsbau- und Beteiligungsgesellschaft (ABG), who have bought the project with a gross floor area of almost 20,000 m² off-plan for 47 million.
The property, which has up to seven floors, is being laid out on a comb-shaped floor plan: The main element faces onto Boulevard West. The other side will overlook the future Pariser Strasse and will have three landscaped inner courtyards. In the four to six upper levels, there will be a gross floor area of almost 16,000 m², built to passive house standard. In addition, the project foresees an underground garage with 225 car parking slots.
"The first house on the plaza will also be the first building with rental apartments in the 'Boulevard West'," is the satisfied comment from Markus Brod, Manager of the HTP Rhine-Main Branch of HOCHTIEF Solutions.
The REWE grocery supermarket, will also contribute towards covering everyday shopping needs in the quarter.
HOCHTIEF Projektentwicklung purchased the 4,700-m² lot only four months ago from aurelis Real Estate. The investor, ABG, a housing and real estate group owned by the City of Frankfurt am Main, intends to manage and let the two to five-room apartments itself.
Source: HOCHTIEF Projektentwicklung