Opera One AG: Investing minimum EUR 68 million new real estate project

Corporate News No. 06/2012
OperaOne AG: Investing minimum of EUR 68 million in development of a new apartment site in western part of Frankfurt

Frankfurt / Main, June 21, 2012 - OperaOne AG will develop a new and unique high quality apartment site in the so called 'Gallus-Viertel', a western district of Frankfurt. The main investment theme is to develop a high quality residential standard with perfect transport connection to the nearby financial district.

Located at the Mainzer Landstrasse, close to a parkside, the acquired plot sizes 8.000 sqm. Total planned living space is about 20.500 sqm with 300 flats, with 2 supermarkets and underground parking lots planned. The targeted project-related investment volume is between EUR 68 million and EUR 80 million.

Mainzer Landstrasse is the sixth project of OperaOne AG realized under the lead of CEO Ralph Jerey since the IPO of Opera One in 2011. 'Following the sale of our first project in 2012 with an overall margin above 25% exceeding our expectations, we are delighted with the acquisition of this property' says Mr. Jerey.

OperaOne AG is evolving into a market leader with A+ locations in Frankfurt. The project Mainzer Landstrasse enables Opera One to establish among Frankfurt's leading real estate development companies.

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 projects in Frankfurt's top 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 - 920374-100
E-Mail: jerey@operaone.de