Frankfurt (pta029/04.06.2020/15:05) - ...
* Takeover of a mixed-use property in Hilpertstrasse
* Great potential for development
* Superb transport links
Frankfurt am Main, 4 June 2020. ERWE Immobilien AG (ISIN DE000A1X3WX6, WKN: A1X3WX), Frankfurt am Main, is maintaining its selective acquisition strategy and acquiring a property in Darmstadt's preferred development area. Located at Hilpertstrasse 16-18, the building currently has lettable space of 2,627m2 and is used as an office and production/logistics site.
"The positive economic outlook for the region, its superb transport infrastructure as well as the special status of the service location Darmstadt offer prime conditions for further developing this location and enhancing its value," comments Rüdiger Weitzel, a member of the Management Board of ERWE Immobilien AG.
The property is located in the direct vicinity of the A5, not far from Frankfurt Airport and downtown Darmstadt. Over the coming four years, the company plans to invest around Eur 24 million in a modern, user-oriented service concept.
ERWE Immobilien AG focuses on developing a highly profitable commercial real estate portfolio. Its preferred sites involve promising downtown locations in German cities and exclusively prime locations in smaller towns and municipalities. ERWE acquires properties whose potential value growth can be sustainably exploited by introducing new utilisation concepts. This way, the company aims to build a highly profitable and valuable portfolio with substantial revenue growth. ERWE Immobilien AG is listed in the Regulated Market (General Standard) in Frankfurt and in open trading on the stock exchanges in Frankfurt am Main (XETRA), Berlin, Düsseldorf and Stuttgart (ISIN: DE000A1X3WX6).
Contact for enquiries:
german communications AG
Milchstr. 6 B
T. +49-40-4688330, F. +49-40-46883340
ERWE Immobilien AG
T.+49-69-96 376 869-23, F. +49-69 96 376 869-30
|emitter:||ERWE Immobilien AG|
|contact person:||Christian Hillermann|
|phone:||+49 40 320 279-10|
|stock exchanges:||regulated market in Frankfurt; free market in Dusseldorf, free market in Stuttgart; open market in Berlin|