German developer Hochtief has sold the urban development project in Kelkheim near Frankfurt to Victoria Properties of Copenhagen for around EUR 47mln. Some 90% of the 17,500 m[sup]2[/sup] total space has already been let and lease contracts for the remaining area are currently at the final negotiation stage, the companies said in a joint press release.
German developer Hochtief has sold the urban development project in Kelkheim near Frankfurt to Victoria Properties of Copenhagen for around EUR 47mln. Some 90% of the 17,500 m2 total space has already been let and lease contracts for the remaining area are currently at the final negotiation stage, the companies said in a joint press release.
The heart of the new Kelkheim city centre will be a 2,000 m2 marketplace, bordered by three building complexes each consisting of three to five storeys that will contain offices, restaurants and cafes as well as shops and a library. In addition, housing for senior citizens and a nursing home are under construction. An underground car park will provide 320 parking spaces. The Kelkheim development will create 250 permanent new jobs.
