With its headquarters in Nettetal, in the Lower Rhine region, the Frankonia Eurobau AG is specialised in development projects of the premium segment and distinguished itself already through the development and implementation of the Lenbach Gardens in Munich. The apartments of the Lenbach Gardens showed an increase in value of over 50 percent, since their completion in 2008.

There are a total of 31 high-end apartments available in the Montgelas Park with a total living space of 5,600 sqm. Additionally, there are 6,800 sqm of new office spaces being built. In a modernised building of the existing building portfolio, on the property, Frankonia Eurobau AG created additionally 1,550 sqm of high-end office spaces. The new city complex takes shape between the Montgelasstraße, the Törringstraße and the Händelstraße. The apartments in the two buildings, Villa Montgelas and town house Törring are situated between 42 and 357 sqm.
The city complex will be completed in spring 2012. Frankonia Eurobau AG's project partner is the VersAM Versicherungs-Assetmanagement GmbH, Münster. The architecture is the work of the Kahlfeld architects, Berlin as well as the Steidle architects, in Munich. The level of investment amounts to a total of 93 million euro.

The Villa Montgelas is constructed with a classical architecture. The 14 individual condominiums of the villa partially own separate guest apartments and have roof-top terraces, private gardens and generous balconies with a view towards the green spaces. The new residents can chose between apartments of 170 to 357 sqm. The Törring townhouse will include 17 apartments in a modern style, with living areas of 42 to 210 square meters. The small apartments can be partially added to the larger apartments, situated on the same floor. The first apartments will be ready for occupation in spring 2012.

The total investment of the Frankonia Eurobau AG and its partner, the VersAM Versicherungs-Assetmanagement GmbH, for this project was 93 million Euro. The architecture is the work of the Kahlfeld architects, Berlin as well as the Steidle architects, in Munich.

"We have already sold almost 40 percent of the apartments in the Villa Montgelas and over 25 percent of the Törring townhouse. For the rental of the office spaces, we are already negotiating the rental of 70 percent of the existing building portfolio and experience a high demand for the new construction. We are expecting a high level of lease contract conclusions, once the construction has started", is the opinion regarding the current marketing situation of Sabine Mösch, the Munich branch manager of the Frankonia Eurobau AG.

Reference project Lenbach Gardens shows a good development

The project developer Frankonia Eurobau AG from Nettetal, in the region of the Lower Rhine, has already made a name for itself through the planning and implementation of the Lenbach Gardens. The city complex Lenbach Gardens was developed on the area of the former Chemistry and Pharmacy Institutes of the Munich University at the Old Botanical Garden, on an area of 65,000 square meters. With a total budget of over 400 million euro, apartments, offices, representative offices and "The Charles Hotel" were built.

The Steidle Lofts in the Lenbach Gardens were elected by a jury as the „most beautiful new buildings in Munich". "The Charles Hotel" of the Rocco Forte Collection won the Villegiature Award for the "best hotel architecture in Europe". The hotel and the adjacent office building by McKinsey were awarded during the German Natural Stone Awards 2009 with an exceptional recognition. The premium apartments of the Lenbach Gardens showed an increase in value of over 50 percent, since their completion in 2008.

Additional current development projects of the Frankonia Eurobau AG in the segment of premium residential real estate are: The Sophie Terraces in Hamburg (with the Karl Lagerfeld Design), the Heinrich Heine Gardens in Düsseldorf, the Klostergärten in Münster and the Gerling Quarter in Köln. The 383,000 square meters of project development area, qualifies the company for the position of third largest German real estate developer, who is active in the seven A cities (Köln, Stuttgart, Frankfurt/Main, Munich, Düsseldorf, Hamburg, Berlin). The Frankonia Eurobau AG is the market leader in Düsseldorf's home market.

Montgelas Park The 14 individual condominiums in a classical building style of the Villa Montgelas have, in part, own guest apartments. The apartments have a size of 170 to 357 square meters, in case of the penthouse apartments with rooftop terraces. The exquisite address, the quiet location, the private gardens and the generous balconies and rooftop terraces with a view towards the green areas offer a very special and exclusive living comfort.

The Törring House, with 17 apartments, with the modern design of a townhouse and living areas of 42 to 210 square meters, represents another addition to the residential complex. The smaller apartments can be partially added to the larger apartments, situated on the same floor. A total of 5,607 square meters of living space are built, which are distributed to the 17 apartments in the Törring House and the 14 apartments in the Villa Montgelas.

The demolition works of the current building portfolio on the property took place at the end of 2009; at the beginning of 2010, the building activities started. The first apartments will be ready for occupation in summer 2011. The total investment of the FRANKONIA Eurobau AG and its partner, the VersAM Versicherungs-Assetmanagement GmbH, for this project was 91 million Euro. The architecture is the work of the Kahlfeld architects, Berlin and the Steidle architects, in Munich.

The apartments and office spaces belonging to FRANKONIA Eurobau are highly sought after. 10 of the apartments are already sold or reserved. The company is currently negotiating the lease agreements for approx. 70 percent of the renting space of the new office building on the Montgelasstraße.

Quality strategy

The FRANKONIA Eurobau AG is one of the leading developers in the segment of premium residential real estate. The company has already created the Lenbach Gardens, which have developed into one of the most exquisite neighbourhoods in Munich. The buyers of the apartments in the Lenbach Gardens are already profiting from their purchase. The apartments presented an average price and value increase of over 50 percent, since the beginning of their sale in 2007. Additionally, on September 15th 2009, the IMMOFINANZ AG announced the successful sale of two office buildings and of the five-star-plus hotel in the Lenbach Gardens, building which were acquired by the IMMOFINANZ 2006 during the construction period, from the FRANKONIA Eurobau. It concerns a volume of 220 million Euro, the largest real estate transaction on the German market, that year. It is also this positive result, in a very difficult market for commercial properties, which confirms the long-term quality strategy of the FRANKONIA Eurobau AG.

Montgelas Park represents the second Munich premium project of the company, which goes into the execution phase. "We are happy to be able to build additional noble apartments in Munich", declared Uwe Schmitz, CEO of the FRANKONIA Eurobau AG, "It is our conviction, that real high-quality workmanship is always in demand. And our name stands for the highest quality."