Building construction in the new Varinia development project on Frankfurt's Ben-Gurion-Ring completed
A major milestone has been reached for GWH Bauprojekte: together with the general contractor Ten Brinke, the subsidiary of GWH Wohnungsgesellschaft was able to complete the building construction on Ben-Gurion-Ring in Frankfurt am Main in a good partnership.
A total of 330 apartments, including 118 student apartments and a daycare center, were built on 3 construction sites in the new Varinia project.
The first construction phases were completed in 2021 and 2022 with 169 rental apartments, including the student residence and daycare center, and handed over to GWH Wohnungsgesellschaft for letting.
In December 2023, the final construction phase with 107 apartments was also accepted by GWH Bauprojekte and subsequently handed over to GWH Wohnungsgesellschaft for letting. The handover to the new tenants began on 01.02.2024. All apartments have already been let and most tenants have already moved in. "We are delighted with the good demand and the successful letting of the Varinia project. With the new building, we are strengthening the neighborhood development am Bügel," says Martin Büttner, Head of Real Estate Management at GWH.
But this is not the end of the project for GWH Bauprojekte. "We now have the major task of completing the development of the former construction road in coordination with the City of Frankfurt as well as the entire outdoor facilities, including the connection to the existing building behind it," reports Alireza Nikkhah, Project Manager BP. The work is expected to be completed by the end of the first quarter/beginning of the second quarter of 2025.
