Berlin-based Bauwert Property Group is buying the Opel automotive plant in Russelsheim and plans to invest around EUR 240 mln in the site over the next four years, Immobilien Zeitung reported on Wedesday. Bauwert plans to build a shopping centre, homes, offices, leisure facilities and a business hotel on the historic site, which comprises some 100,000 m[sup]2[/sup].
Berlin-based Bauwert Property Group is buying the Opel automotive plant in Russelsheim and plans to invest around EUR 240 mln in the site over the next four years, Immobilien Zeitung reported on Wedesday. Bauwert plans to build a shopping centre, homes, offices, leisure facilities and a business hotel on the historic site, which comprises some 100,000 m2.
The refurbished site will comprise a lettable area of 145,000 m2. Opel itself will lease back around 20,000 m2 of existing office space. A 23,000 m2 leisure park with an automotive theme will be built behind the shopping centre, where Opel will exhibit old models and which will serve as a forum for oldtimer enthusiasts.
