Frankfurt am Main, 17th January 2018
422 apartments are currently in construction on the site opposite the Adlerwerke
factory in Gallus. They will be ready for occupation in September; but the one- to
five-room apartments are already available to let. “Despite the fact that we have
hardly advertised our
‘Bright Side’ development, we have already received
numerous enquiries”, said Thomas Oellig, managing director of the Domus Vivendi
Group, at today’s topping-out ceremony – which also heralds the start of the
development’s properties being available to let.
“This represents urgently needed living space in a central location, which is in part
funded by the City of Frankfurt and thus stands as additional affordable housing”,
explained chief planning officer Mike Josef. “The project is making a vital contribution
to the housing supply, especially thanks to the Funding Channel 2.”
Spokesperson for the planning office, Dr Marcus Gwechenberger, gave a welcoming
address to the City of Frankfurt at the topping-out ceremony. Representatives of
investors who have bought Bright Side were also present: Ulrich Haeselbarth from
Hanse Merkur Grundvermögen AG, which purchased Bright Side I with 356 privately
financed apartments, and Pedro Machado from Hamburg Team Investment
Management GmbH. The company has taken over management of Bright Side II
with its 66 subsidised apartments and children’s nursery.
The various different apartment formats are a noticeable feature of the building on
Weilburger Straße: they are aimed at individuals and couples, as well as families
and senior citizens. The Domus Vivendi Group developed the apartments in co-
operation with Mercurius Real Estate AG.
“Compact apartments” are in great demand
The apartments with a “compact” design have been most in demand to date. They
are based on the needs of young families and senior citizens; for whom it is not the
size of the apartment, but rather the largest number of rooms that is important. Their
budget often prevents them from finding an apartment with the desired number of
rooms in a city centre location, however. The developers wanted to fill this gap in the
market: Bright Side houses 116 units with two to four rooms.
Individuals, young professionals and commuters can all find a suitable home here –
the 185 micro-apartments have been designed for people who not only value
functionality, but also high-quality part-furnished apartments and good local transport
connections. There is also no shortage of conventional homes: tenants can choose
between 55 units with between two and five rooms.
“Middle-class Programme”: subsidised apartments for families and senior
citizens
Bright Side also features 66 apartments, which are part of the “Frankfurt Programme
for the Construction of Affordable Rented Housing: Funding Channel 2”. “Families
and senior citizens with an average income are increasingly struggling to find an
affordable home in Frankfurt on the open market”, says managing director Oellig.
The “Middle-class Programme” funding by the City of Frankfurt has been created to
support these tenant groups.
Barrier-free and with its own nursery
The majority of the 422 apartments are barrier-free. Bright Side also includes a
children’s nursery with generous outdoor space. The plans are for two classes for
children over three and two for younger children. The Sozialpädagogische Verein
Frankfurt zur familienergänzenden Erziehung e.V. is responsible for the nursery.
Roof garden with views over the city skyline
The development was given its name for a reason: the majority of the apartments
come with a balcony or a loggia. Frankfurt’s largest roof garden is another of Bright
Side’s highlights: it is open to all tenants and offers expansive views over Frankfurt,
including the city skyline.
You can find more information about Bright Side at http://www.brightside-ffm.de/.
For further information, please contact:
DOMUS VIVENDI Group
Company communications
Roßmarkt 10
60311 Frankfurt am Main
Tel .: +49 6174 25 989 00
Fax: +49 – 69 920 2079 01
E-mail: info@dv-group.de
Web: www.dv-group.de