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Kalovida Canada Acquires Heritage Site for Boutique Condos

Kalovida Canada Inc., is pleased to announce the acquisition of the unique  heritage building at 24 Mercer Street, located in the heart of Toronto’s “SOKI” (South of King, west of Simcoe) neighbourhood in Toronto. Kalovida plans to immediately advance on the plans and permits in place to develop a boutique 17-storey, luxury residential mixed-use condominium…

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Mr. Peter Drausnigg, General Manager

Bad Nauheim Energy Provider (Stadtwerke)

The construction projects of Kalovida Grundbesitz GmbH significantly enhanced the heart of our city through a planned investment activity. The areas on the Park- and Franz-Groedel Straße as well as the entire City of Bad Nauheim will profit through Kalovida’s commitment and refurbishing measures. The cooperation with Kalovida is always characterized by a trusting working atmosphere and mutual esteem. We greatly appreciate this and look forward to future common tasks.

Mr. Jürgen Patscha, Head of Department Urban Development

City of Bad Nauheim

The recent rezoning of Franz-Groedel – Parkstraße grounds has rejuvenated the surrounding area, enhanced and preserved Bad Nauheims distinctive art nouveau architecture. Kalovida Grundbesitz GmbH is a responsible developer that has collaborated with the city of Bad Nauheim to effectively capitalize on the recent rezoning parameters and guidelines. The company’s residential development has contributed to the enhancement of the neighborhood and has delivered tangible benefits to the community of Bad Nauheim.

Dr. Norbert Wiederholt, Partner

Allen & Overy LLP

Dr. Norbert Wiederholt, Frankfurt Partner at the international law firm Allen & Overy LLP and member of their projects and infrastructure group, stated in connection with Kalovida’s successful conversion of one of the former hospital buildings into a high-end residential building in Bad Nauheim: “We are very pleased to have been able to assist Kalovida in our capacity as legal counsel in relation to the development project in Bad Nauheim. This project reflects the excellent cooperation between various teams led by CEO Rafik Salib from Kalovida.”

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