“Studio Eins” apartment building in Frankfurt`s Gallus

“Studio Eins” apartment building in Frankfurt`s Gallus

Press Release
Cornerstone to be laid for “Studio Eins”
apartment building in Frankfurt’s Gallus
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Completion planned by late summer 2015
Gallus developing into the new in-district
Around half of apartments already sold
Frankfurt, May 7, 2014 – Ten weeks after construction started on the sevenstory “Studio Eins” apartment building in Frankfurt’s Gallus, the cornerstone will
be officially laid today at Krifteler Strasse.
“Studio Eins” in Frankfurt, which is being created by the leading residential real
estate developer, will feature a total of 224 fully-furnished apartments with living
space of between 24 and 35 square meters, geared to investors. At this development, formart is placing great store by an efficient space concept with custom-made furniture, inclusive of a galley kitchen and high-end bathrooms. Completion in line with KfW 55 standard is planned for late summer 2015. The project
will include 75 underground car parking spaces and 160 bicycle parking spaces,
as well as a concierge, a reading and study lounge, a launderette, a sports room,
and a 24-hour hotline. Because of its extensive communal amenities and good
links with downtown Frankfurt, the railway station and universities, “Studio Eins”
is particularly suited as housing for students, work commuters and young professionals.
“We are confident about the development of the Gallus. For that reason, we are
developing a second property right beside “Studio Eins”—the “Lahn’sche Höfe”
with a total of 350 rental and condominium apartments and a child day care cen-
formart GmbH & Co. KG, Sitz der Gesellschaft: Essen, Registereintragung: Amtsgericht Essen, HRA 10001, Steuer-Nummer: 112/5828/3814,
Komplementärin: formart Management GmbH, Essen, Registereintragung: Amtsgericht Essen, HRB 24670,
Geschäftsführer: Kruno Crepulja, Andreas Gräf, Oliver Schmitt
Kommunikation
Pressekontakt:
RUECKERCONSULT
Thomas Rücker
Wallstraße 16
10179 Berlin
Tel.: 030 2844987-48
Fax: 030 2844987-99
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ter,” says formart Managing Director Andreas Gräf, explaining his company’s
Kommunikation
commitment to Frankfurt.
Frankfurt’s Gallus is developing more and more into a modern showcase district
for young professionals with a global attitude. The area’s appeal—comprising
urban streets, renovated and repurposed industrial space, an international mix of
residents, modern new-builds, a wide range of cultural amenities, and excellent
transportation infrastructure—is constantly attracting new people to what is becoming the latest in-district.
Benjamin Röhrborn, the Branch Manager of formart Studio says: “We are delighted to have been allowed to develop the first formart apartment building here
in Frankfurt. Others will follow around Germany. We are convinced that the
apartments will offer investors an interesting investment alternative with very
promising yield potential. These apartments would, however, also be attractive
new homes for owner-occupiers, who are equally welcome here.”
So far, just under half of the 224 apartments have been sold. Apartment prices
start from 84,260 euros, depending on the size.
About formart
formart develops, builds and markets residential and parking garage projects in Germany, Austria and Luxembourg. With more than 1,000 properties sold annually to private users and institutional investors, formart is one
of the leading residential developers in its home market. The spectrum it offers includes multi-generation houses, forms of urban living and complete residential quarters. Further information is available at www.formart.eu.
formart GmbH & Co. KG, Sitz der Gesellschaft: Essen, Registereintragung: Amtsgericht Essen, HRA 10001, Steuer-Nummer: 112/5828/3814,
Komplementärin: formart Management GmbH, Essen, Registereintragung: Amtsgericht Essen, HRB 24670,
Geschäftsführer: Kruno Crepulja, Andreas Gräf, Oliver Schmitt
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