CA Immo and its joint venture partner Mainzer Stadtwerke AG have sold the "Hafenblick II" residential plot. The c. 6,600m2 plot was sold to the SBT real estate group. The property has residential building rights for around 17,000m2 of floor space.
Daniel Schuler, Senior Investment Manager at CA Immo Germany: "Despite the current challenging market environment, the successful sale of the Hafenblick II plot and the profound demand from bidders once again underlines the attractiveness and resilience of our "Zollhafen Mainz" quarter development for local, regional and national developers. We expect to sell the remaining building plots in the Zollhafen Mainz quarter development this year. The sale of these non-strategic properties is in line with our consistent focus on the realisation and portfolio management of high-quality office properties in our core markets.”
BNP Paribas Real Estate acted in an advisory capacity on behalf of CA Immo and Stadtwerke Mainz AG.
Image source - Pexels.
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