CFI FAIRPAY AG: newly founded subsidiary Mercurius Real Estate AG
developing innovative real estate project in Frankfurt.
Frankfurt am Main, 17.02.2010
The newly founded Mercurius Real Estate AG is a subsidiary of the listed company
CFI FAIRPAY AG and specialises in the development and realisation of high-quality
real estate concepts in city centre locations. With the implementation of the pilot
project in Frankfurt am Main, the company is a pioneer in the field of micro living.
Through the acquisition of shares in Quartier etc. GmbH from the parent company
CFI FAIRPAY AG, Mercurius Real Estate AG is expanding its commitment in this
sector. Following the successful completion of the first project, a student residence
in Giessen, work is currently under way on a central residential complex close to the
university in Frankfurt Bockenheim. The aim is to address the increasing demand for
affordable, high-quality housing in city centre locations.
“The number of enquiries that we receive on a daily basis show that small residential
units are very much in demand; both from companies needing housing for their
project staff, and from young professionals, commuters and single households”,
explains Atilla Özkan, chairperson of Mercurius Real Estate AG. “These groups are
willing to make compromises in terms of living space but not in terms of central
location, comfort and design.”
The QUARTIER et_ce_te_ra residential development boasts 181 fully furnished
micro-apartments and is currently under construction. Completion is planned for the
first quarter of 2011. During planning, priority was given to attractive architecture and
ecological construction – the development meets the strict criteria of the KfW
Efficiency House 55 standard.
Company profile
CFI FAIRPAY AG is a company group with the pillars of secondary market life
insurance, securities trading bank and real estate. The company buys, sells and
lends life insurance on the secondary market and is also commissioned to manage
existing policy portfolios for clients. The subsidiary Mercurius Handelsbank GmbH
sees the corporation provide capital market solutions in addition to institutional
assets in life insurance portfolios. Furthermore, the subsidiary Mercurius Real Estate
AG develops real estate projects with a focus on micro-apartments/student
accommodation.
For further information, please contact:
Christine Lechner, Company Communications
CFI FAIRPAY AG
Börsenstraße 2-4
60313 Frankfurt am Main
Tel.: +49-69-50951-7250
Fax: +49-69-50951-7299