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.
|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|
Renting of apartments will begin during the shell construction phase.
Renting of commercial units will begin during the planning phase.
The object (sections) will be sold turnkey and fully leased to capital investment companies.
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|
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|
|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|