Relief for the housing market in “Bankfurt“

By 2020, the city quarter VITOPIA will be completed at the Kaiserlei roundabout in Offenbach, just a few minutes from Frankfurt's city centre. The mixed town-planning requirements for this location are represented in the clever arrangement of 6- to 7-storey residential and commercial buildings.

In addition to the 278 apartments, there will be large areas for a datacentre, local amenities, various services, and a hotel. A public pool, also available for school use, and a nursery round out the mix for this urban area. This planned utilisation concept will contribute considerably to the revaluation of the Kaiserlei area.

The CG Group’s construction plan on the Kaiserlei roundabout in Offenbach will provide relief for the more than strained housing market in Frankfurt. From 2016 on, this quarter will comprise a good mix of work, life and leisure. The property lies directly on the border to Frankfurt: whether travelling by car or public transport, the city centre, European Central Bank (ECB) and airport are all just a few minutes away. The imposing eye-catchers of the area are the 19- and 22-storey office buildings, formerly part of Siemens’ power plant division, which will be completely gutted and refurbished according to the VauVau concept. Surrounding these, shorter, 6-storey residential buildings with a plethora of apartments are planned, resulting in roughly 1,100 rental units becoming available in the direct vicinity of Frankfurt.   

Overview
Project data and key figures
Project details
Sales volume (GDV): 182,383,484 EUR
Total area of the land: 19,138 m²
Area for rent/sale: 52,375 m²
Car parking spaces: 153 153 underground parking
Target rent: 14.50 EUR/m² from 13.50 EUR/m² to 15.00 EUR/m²
according to features, size and location
Construction period: March 2017 to May 2021
Year of construction: 2021
Object condition: First time use
Heating type: Central heating
Major Energy Carrier: district heating
Energy certificate: energy certificate required
residential
Object type: residential
Area: 19,148 m²
Units: 271
commercial
Object type: commercial
Area: 25,227 m²
Hotel/Hostel
Object type: commercial
Area: 8,000 m²
Image Gallery
Current status rental and sale
Current state
Planning phase
Building pit
Building shell
Ready for occupancy
Completion
Current state letting

Renting of apartments will begin during the shell construction phase.

Renting of commercial units will begin during the planning phase.

Current state letting
0%
0 from 220 units are rented
Current state sale

The object (sections) will be sold turnkey and fully leased to capital investment companies.

Current state sale
0%
0 from 287 units are sold
Property specification - Micro environment / Macro environment

Offenbach a. Main

As a city, Frankfurt has the highest employment density and the most tense residential market. At Kaiserlei-Kreisel in Offenbach, just 12 minutes away from Frankfurt, the CG Group is developing
the Kaiserlei Quater. With a direct view over the skyline of Mainhattan and swift access to the international airport, and surrounded by a quarter comprising retail and commercial space, hotels, offices and other attractive apartments, the Kaiserlei Quater offers unique comfortable living in a market experiencing high demand.

Macro environment area: 45 km²
Macro environment population: 132,404
Macro environment population density: 2,950 Einwohner je km²
Macro environment unemployment rate: 6.3 %
Macro environment purchase power index: 90.5

Kaiserlei

In the northwest of the city of Offenbach, directly on the border to Frankfurt, lies the Kaiserlei district, which, over the last few decades, has evolved into a prime location for office space. Companies like Siemens AG Power Generation, Framatome ANP, Honeywell International Inc., the State Insurance Institution of Hesse, the Regional State Bank of Hesse-Thuringia and the German Meteorological Service all operate here amongst the many restaurants, hotels, retail shops and companies offering household and business-related services. The area is well connected to the motorway (A661, Kaiserlei junction) and the local public transport system (bus lines and the Kaiserlei commuter railway station).

Micro environment population: 2,235
Property environment
Distance to city centre: 2.0 km
Distance to railway station: 2.0 km
Distance to motorway: 0.4 km
Distance to nursery: 0.7 km
Distance to local public transport: 0.1 km
Distance to school: 0.5 km
Contact
Contact Persons

Till Diekmann
till.diekmann@cg-gruppe.de

Contact Details

CG Gruppe AG
Ludwig-Erhard-Anlage 2-8
60325 Frankfurt a. M.

Any Questions?

Call us: +49 (0)69 97 60 995 - 20

Letting: +49 (0)30 86 872 - 9081

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