Oct 20 2009
Prime Income Asset Management and Port Olpenitz GmbH recently held its Cornerstone Ceremony to celebrate the beginning of construction on Port Olpenitz, the largest holiday resort in Northern Europe.
Port Olpenitz is a 425-acre holiday resort located in the northeastern section of Schleswig-Holstein, Germany and is being developed on land that is the site of the former Olpenitz naval base between the mouth of the River Schlei and the Baltic Sea. Port Olpenitz is a joint venture between HarmInvest GmbH, Berlin, and American Realty Investors, Inc. (NYSE: ARL), an affiliate of Prime Income Asset Management.
Among those in attendance were Schleswig-Holstein’s State Governor, Peter Harry Carstensen, Volkher Looft, the Chairman of the State Nature Conservation Association; Karen Leuow, Representative of the State Ministry for Science, Economics, and Transport; Jaska H. Harm, Managing Partner of Port Olpenitz GmbH; Herbert Harm, Architect of Port Olpenitz; Margret Brahms, Representative of the State Ministry for Agriculture, the Environment and Rural Areas; Dr. Robert Habeck, State-President of the Green Party; Ulrich Brüggemeier, Vice District Chief Executive; Peter Harry Carstensen, State Governor and Minister-President of Schleswig-Holstein; Roman Feodoria, Major of the City of Kappeln; special guest Cassandra Steen performing her well known hit I’ll build a City for You, and Prime Income Asset Management’s President and COO, Daniel J. Moos.
State Governor Harry Peter Carstensen expressed his deep satisfaction for the region and the state: “Port Olpenitz, Schleswig-Holstein is joining the international tourism elite.” Volkher Looft, the Chairman of the State Nature Conservation Association, added, “This is a triumph for nature conservation and good economics.”
Port Olpenitz GmbH recently introduced zoning changes due to mutual concessions between the developer and several environmental associations. A symbolic anchor was released into the harbor to symbolize anchoring the project with the common goals of all organizations. “We are pleased that this unparalleled project was given the construction green light. Prime Income Asset Management and Port Olpenitz GmbH are proud to create a world class development that is complimentary to the local community of Schleswig-Holstein, while at the same time protecting the surrounding environment,” said Daniel J. Moos Prime Income Asset Management’s President and COO.
“With the support of State Governor Harry Peter Carstensen and Dr. Robert Habeck, the State Representative of the Green Party, we sat down with the natural associations’ representatives and were thus able to include everyone in the discussion. All concerned were willing to compromise to reach an agreement, and through a positive process of give and take we eventually reached a consensus on a modified development plan that has the full backing of everyone involved” explained Jaksa Harm, Managing Director at Port Olpenitz GmbH.
Source: Port Olpenitz GmbH