Mainz, 11 March 2014. CA Immo, which is jointly developing the Zollhafen quarter in partnership with Stadtwerke Mainz AG, is to acquire the "Hafenspitze" and "Rheinallee III" plots by exercising its contractual option rights in the Zollhafen joint venture. CA Immo has plans to build here an office building and a mixed-use property. This was announced jointly by CA Immo Chief Executive Officer Dr. Bruno Ettenauer and Stadtwerke Board Chairman Detlev Höhne as part of the MIPIM real estate fair in Cannes.

A striking office building of up to 42m (138 ft.) in height and 12,000 m2 floor space (39,370 sq. ft.) is to be constructed as part of the "Hafenspitze" development on the northern end of the inner harbour – with an excellent location on the water.

The "Rheinallee III" development is to be mixed-use as well, with construction slated for 23,000 m2 of floor space (75,460 sq. ft.) for flats facing the harbour, large-scale retail and a day-care centre.

CA Immo CEO Bruno Ettenauer: "Exercising our option to buy the Zollhafen developments demonstrates not only our great enthusiasm for improving the Zollhafen area in partnership with Stadtwerke, but also our commitment to Mainz as a place to live and work. Buying these developments at an early stage also allows us to expand our portfolio of office properties in Germany through an attractive project of our own."

Stadtwerke Mainz CEO Detlev Höhne added: "CA Immo is not only an experienced developer of urban quarters, they are also known for constructing modern, environmentally friendly office buildings of high quality. What this investment by CA Immo says to us is that the Zollhafen area is not only a unique residential environment, but an excellent office location as well."

Download:
Aerial view showing location of Hafenspitze and Rheinallee III plots