PRESS RELEASES

Project partners DOMUS VIVENDI GmbH & Co. KG from Königstein/Ts. and Mercurius Real Estate have started letting out their second micro-apartment complex in Frankfurt Bockenheim as a result of the high demand. The development is situated in the immediate vicinity of Salvador Allende Park and provides 164 apartments measuring approx. 20 sq m; in other words, central living at affordable prices perfect for commuters, young professionals and students. The complex is due to be completed in February 2012.

Lonely sand dunes, endless beaches, calming tidal flats, roaring waves, breathtaking places, peace and quiet and the hustle and bustle of life, a groundedness and a little chic – Germany’s northernmost island has something to offer everyone. Be honest, who hasn’t dreamt of owning a house on Sylt? A house for carefree holidays with a flickering fire for cold days; a green garden oasis in the summer and all just a few metres from the North Sea beach! 

1st January 2011 saw the micro-apartment complex “Quartier etc.”, an Efficiency House, be handed over to the AviaRent Capital Management S.á.r.l. fully let. The high demand for micro-apartments made it possible to let all of the apartments prior to completion. It demonstrates the growing demand for small, central new homes in economic centres.

In the fourth quarter of the year, Mercurius Real Estate AG began construction on another micro-apartment complex in the Frankfurt district of Bockenheim, together with its project partner DOMUS VIVENDI GmbH & Co. KG. A total of 164 20 sq m part-furnished residential units will be built. The complex is due to be completed in November 2011.

Frankfurt am Main, 12.10.2010. The Mercurius Group has sold its micro-apartment complex in Frankfurt Bockenheim in a share deal. With its 181 apartments of approx. 25 sq m in size, the real estate addresses the increasing demand amongst commuters, young professionals and students for high- quality, affordable, central housing.

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.

Frankfurt am Main, 12.11.2009. With its stake in Quartier etc. GmbH, CFI FAIRPAY AG is extending its commitment in the real estate sector. The Quartier etc. GmbH is investing over ten million euros in its current project - the construction of a residential complex with a central location close to the university, housing 181 units in Frankfurt Bockenheim. WGZ Bank from Düsseldorf is the financing partner.