Frankfurt, 04.12.2012
DIC just initiated the next step in the development of the MainTor Quarter: The marketing of around 100 condominiums available at “MainTor Palazzi,” totalling a floor area of about 10,100 sqm, is now under way. Altogether, 200 new apartments are under construction at MainTor Quarter, with another approximately 100 rental apartments to be raised at the “Patio” complex nearly at the same time.
MainTor Palazzi is poised to become Frankfurt’s latest and most centrally located residential quarter. There are three main features that make the location of these apartments unique:
The 100 condominiums are spread across the three double buildings called “Lido,” “Puro,” and “Riva,” each of which has 6 to 8 floors. The smallest apartment has a floor area of 36 sqm, while the largest, a 5-bedroom penthouse, has more than 260 sqm. There are also several split-level apartments as well as generously laid-out rooftop patios and a 3-storey underground car park with around 140 parking spaces. The apartments will feature high-quality fit-outs, with buyers given the choice to realise bespoke interior fit-out options.
The architectural firms Jo Franzke and B&V Braun/Canton/Volleth have been commissioned to handle the project planning. Construction is to start as early as summer 2013, with the apartments scheduled for completion by summer 2015.
The condominium sales are exclusively handled by the Frankfurt-based estate agency Ballwanz Immobilien. Around 100 prospective buyers have signalled interest. Said Kai M. Dreesbeimdiek, the Managing Director at DIC in charge of the project: “It is quite a high ratio at this stage, considering that we have not done any public advertising yet. At the moment, we are in the process of successively contacting these prospects.” Given the high level of exposure that the MainTor project has at the moment, sales will be boosted via information brochures and a professional website (www.maintor-frankfurt.de).
About MainTor – the Riverside Financial District
The MainTor Quarter project of DIC Group is nothing less than a complete redevelopment of the area extending from Untermainkai to Weissfrauenstrasse. In the process of redeveloping the formerly enclosed brownfield compound of Degussa, the area is being restored to public use, with historic access ways from the inner city to the Main riverbank revitalised and firmly integrated into the lanes and streets of the surrounding city quarter. The construction is realised in several spatially and temporally distinct building projects, thereby ensuring the necessary flexibility to accommodate the specific requirements of each user and investor group. Architectonically speaking, MainTor Quarter will upgrade the riverbank facing Frankfurt’s CBD into a riverside financial district and thereby complete it in urban development terms. The successive construction stages will be realised incrementally in sync with the upcoming lettings and sales. The entire MainTor Quarter is scheduled to be operational by 2015/2016.
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About DIC
DIC (Deutsche Immobilien Chancen), active throughout Germany and based in Frankfurt, was founded in 1998 and, with its innovative investment philosophy and its focus on the German market, is one of the most prominent and successful firms in Germany specialising in commercial real estate transactions. Its business activities include portfolio and asset management, which are handled by its SDAX-listed company, DIC Asset AG, as well as project development and joint venture investments. It currently holds approximately 40 per cent of DIC Asset AG. The real estate assets managed by the DIC Group currently amount to around EUR 3.3 billion. Its shareholders are investment companies, several insurance companies, international investors and family offices.
For
more information about the MainTor project, please go to www.maintor-frankfurt.de.