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Vision Real Estate sells property in Frankfurt's prime location

Deal Magazine

Vision Real Estate sells property in Frankfurt's prime location

Mannheim, 23 March 2020 - The Mannheim-based Vision Real Estate GmbH group of companies is selling an attractive residential and commercial building in a prominent location directly opposite the Grand Tower in Frankfurt.

Mannheim, 23 March 2020 - The Mannheim-based Vision Real Estate GmbH group of companies is selling an attractive residential and commercial building in a prominent location directly opposite the Grand Tower in Frankfurt.

10% more living space

A residential and commercial building in downtown Frankfurt that was in great need of renovation was acquired by Vision Real Estate Group, prepared for restructuring and expansion and now sold again. The living space can be expanded by a good ten percent.

Frankfurt am Main, Mainzer Landstraße Project completed

In Frankfurt's prime central location, Vision Real Estate Group recently sold a property with great potential. It is located near the main railway station and only 100 metres as the crow flies from the so-called Grand Tower. The group had acquired the dilapidated property at the beginning of 2019. Following the acquisition, a draft plan for restructuring and expanding the property was drawn up in consultation with the building authorities. To this end, the residential and commercial building was actively managed and prepared for extensive conversion and renovation. Due to the very good market situation and the attractive bids, the managing director of the Vision Group, Felix Balck, decided at the end of last year to resell the property after completion of the preparatory measures and with the planning ready for approval.

Buy an apartment Frankfurt am Main Vision Real Estate

"We were able to realise the sale within one year", informs Niclas Wallrafen, one of the two managing directors of the Vision Group. "This is due to the fact that the living space can be extended by a good ten percent to approx. 1200 sqm and the property has already been prepared for modernisation and expansion".

The parties have agreed not to disclose the sales price achieved.

The company:

Vision Real Estate GmbH has been in existence since 2014 and is an investment holding company that owns and operates iconic residential properties in Germany's most dynamic real estate markets: from acquisition to management and optimisation to disposal. The real estate portfolio includes apartment buildings, part-ownership and apartment packages, residential complexes and student residences. Via its nationwide network, Vision Real Estate reviews 20-30 projects every week. After successful examination, Vision Real Estate makes its investment partly independently and partly as a co-investor. After revitalization or modernization and increase of the value increase potential, the property is repositioned on the market.

Vision Real Estate GmbH provides professional investors with access to selected investment opportunities - whether private investors, housing company, family office or institutional investors. In order to generate stable and growing distributions for its investors, the company invests exclusively in metropolitan regions and growth markets that are characterised by a stable employment and social structure. This reduces the risk of price fluctuations in individual markets and minimises volatility.

In asset management, the company achieves increases in value and returns by improving cash flow and investing in restructuring. The appreciation of residential property is continuously monitored and reported on by regular monitoring and reporting. In addition to commercial administration and letting management, the company is also responsible for modernization, refurbishment and renovation services as well as property and facility management.

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