Ostermayer bought a prime 21,000 sqm piece of land located at Mannheim’s main rail station. The site used to house a post office. Hudson Advisors Germany, which manages the real estate funds of financial investor Lone Star, was the reported seller. The company plans to develop a new urban quarter. Ostermayer is working on a development plan for the area and hopes to create 45,000 sqm GFA by 2018.
