Real IS AG has acquired “Innovationspark Kisselberg” in Mainz. The seller is a further joint venture between J. Molitor Immobilien GmbH and Mainzer Aufbaugesellschaft mbh (MAG), who have already jointly realised several projects in the region. The purchase price was not disclosed.
“Innovationspark Kisselberg” is located at Isaac-Fulda-Allee 2a-c and encompasses a total of four building sections. The subject matter of the purchase encompasses three building sections with a total leasable area of some 12,246m², which are spread across five stories per building. Building section A was completed in 2020; building sections B and C in 2022.
The property is leased to Johannes Gutenberg University and the Rhineland-Palatinate Association of Statutory Health Insurance Physicians. A total of 136 car parking spaces are available for tenants. The scheme enjoys close proximity to the A60 motorway. Mainz city centre is just a few minutes away using public transport.
“Mainz has been developing into an attractive location for some time now – the office real estate market is particularly convincing with its low vacancy ratio of 2.1 per cent. The proximity to the two universities and the planned area for biotechnology and research make “Innovationspark Kisselberg” an attractive investment for our “Real I.S. SCF I” fund,” commented Axel Schulz, Global Head of Investment Management at Real IS AG.
