Darmstädter Straße 59
65428 Rüsselsheim, de
+49 (69) 663683-98
MERKUR Development completes transactions totalling 60 million Euro during Q1 and Q2 and progresses further projects
A retirement living and care home in Heusenstamm, near Frankfurt was sold at the end of Q2 to the Swedish company Hemsö Fastighets AB. The transaction included an undertaking to provide an extension for 10 additional care beds, 12 day care places and 30 sheltered housing apartments, totalling around 3,500 sq m. The total investment volume of both projects is €23 million. The 6,280 sq m property in Heusenstamm was extended and refurbished in 2007 to provide 131 care beds.
The transaction is the seventh care home that the MERKUR Group has sold to Hemsö.
In June Merkur sold a commercial park complex totalling 12,000 sq m of office and "service" space near Wiesbaden to an NAS Invest GmbH investment fund for an undisclosed price. Occupiers at the complex include PS Team, Importhaus Wilms, MIPS and Goldpower.
A further transaction saw the sale of a residential care home in Dieburg, of around 5,100 sq m, to the present occupier. The price achieved reflected a multiplier of 16 times the annual rental income. The property has 108 care beds and 16 sheltered housing units.
Two further disposals saw the sale of two residential and commercial properties, in Wetzlar and Witten, to private investors.
In the second half of 2017, MERKUR will concentrate primarily on a number of ongoing projects that include "Blue Gate", a complex of five buildings in Zollamtstrasse, Aachen, with a gross external area of around 36,000 sq m, on a site of around 10,300 sq m. The complex will provide around 5,600 sq m of accommodation suitable for the retail, service, fitness and café/restaurant sectors. The development will also provide 6,000 sq m of office space, a 160-room "3-star plus" Holiday Inn Express Hotel and 300 student apartments. Planning consent is expected to be granted in Q3, with completion scheduled by the end of 2020.
MERKUR is also involved in three hotel projects, all of which will be completed in 2019 to be operated by the Hamburg-based NOVUM Hotel Group, under its "niu" brand.
In Pragsattel, Stuttgart, a 209 room hotel with around 3,400 sq m of office space is being developed by MERKUR in a joint venture project with AVONIA and OSWA.
A second "niu" hotel, which will provide 245-room, is under development by MERKUR in Stuttgart-Fasanenhof, Merkur. This is also due for completion in 2019.
The third hotel project, being developed in a joint venture between MERKUR and AVONIA will see a 7,000 sq m of gross external, 227-room hotel constructed at Otto-Bayer-Str. 8-10 in Esslingen. The investment volume is around €28 million.
Finally, by the end of this year, MERKUR and Ballwanz will complete a joint residential development of 78 units totalling 7,500 sq m, in Münchfeld, near Mainz.
Die Nutzung von hier veröffentlichten Informationen zur Eigeninformation und redaktionellen Weiterverarbeitung ist in der Regel kostenfrei. Bitte klären Sie vor einer Weiterverwendung urheberrechtliche Fragen mit dem angegebenen Herausgeber. Bei Veröffentlichung senden Sie bitte ein Belegexemplar an firstname.lastname@example.org.