PROPERTY RAHMANNSTRASSE 1-9 CHANGES OWNER

STRABAG Real Estate GmbH (SRE) has acquired the property "Rahmannstraße 1-9" in Eschborn's Gewerbegebiet Süd from CE 3 GmbH, a company of PHOENIX Real Estate Development GmbH and Art-Invest Real Estate Management GmbH & Co. KG. SRE is planning an office project development with two buildings on the approximately 6,000 square meter site. The sale was brokered by Savills Immobilien Beratungs-GmbH. The parties have agreed not to disclose the purchase price. SRE aims to start construction in mid-2018.

The Gewerbegebiet Süd in Eschborn covers 50 hectares, borders on the BAB66 motorway and is home to jobs for around 20,000 people. "Not least due to the current new construction projects, the Gewerbegebiet Süd has developed positively. I am sure that it will continue to gain in importance in the Rhine-Main region in the future," explains Andreas Hülsken, head of SRE's Rhine-Main division. Due to numerous new developments, the location has recently gained in importance in terms of urban development and architecture. The newly planned projects lend additional dynamics to this positive trend. In addition, the other general conditions in the South Industrial Park are set for growth. For example, traffic connections will improve significantly due to the future exit from the BAB66 highway. For Hülsken, the situation is therefore clear: "We are delighted about the land acquisition. And about being able to contribute to the further positive development of the south industrial estate with our planned modern office buildings."

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